Kivo Health co-founders from left: CEO Victor Sadauskas and Chief Technology Officer Vaughn Koch. (Kivo Photos)
Seattle-based Kivo Health today announced $10 million in funding to help increase access to its services, which target older adults with chronic obstructive pulmonary disease (COPD).
Kivo ships equipment to patients’ homes and provides a nine-week program of therapist-led, live video sessions focused on exercise, breathing techniques and disease management. The company provides ongoing, AI-assisted support after the program.
The Series A round brings Kivo’s total funding to more than $16 million and will help the company expand nationally while improving its technology. The company has approximately 50 employees, including clinicians.
COPD is an incurable lung disease in which damaged airways and air sacs make breathing difficult and can worsen over time. Common symptoms include shortness of breath, a persistent cough and fatigue. COPD is the third leading cause of death globally and the fifth in the U.S.
However, there are effective treatments to improve the condition, though many patients are not able to easily access care. A study of Medicare beneficiaries with COPD found that only 3.7% received pulmonary rehabilitation in 2012.
Kivo reports that a peer-reviewed study of its program found improvements in participants’ symptoms, physical function and mental health. The company also funded an analysis that estimated its model could reduce annual health care spending by $8,245 per member through fewer hospitalizations, ER visits and time in nursing homes.
Kivo says its program is covered by Medicare, Medicaid and private insurers including UnitedHealthcare, Humana, Blue Cross, Aetna and Priority Health.
“By thoughtfully combining high quality clinical care with AI, we can now scale proactive, accessible care to every senior, improving symptoms and reducing avoidable costs,” Dr. Victor Sadauskas, Kivo co-founder and CEO, said in a statement.
Sadauskas launched Kivo in 2023 with co-founder and Chief Technology Officer Vaughn Koch . Sadauskas previously was an emergency medicine physician for Kaiser Permanente and a senior investment fellow with Life Science Angels. Koch is a serial entrepreneur who sold his startup Movity to Trulia in 2010.
While its current focus is COPD, Kivo aims to expand into other costly chronic conditions affecting older adults.
Allumia Ventures led the round, with participation from Corewell Health Ventures, Y Combinator, Heuristic Capital and MassMutual Ventures.
