Yazen Health Funding News – Stockholm-based Yazen Health secures €19.5 million

Evli Growth Partners from Finland and Helsana HealthInvest from Switzerland co-led the investment round, with assistance from German investors Almaz Capital and Yabeo as well as Swedish investors Luminar Ventures and Aggregate Media.

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Tackling the global obesity crisis

It was founded in 2021, has created a platform that combines cutting-edge weight reduction drugs with a staff of medical professionals, trainers, dietitians, psychologists, and physiotherapists. Serving more than 20,000 patients and attaining a 70% retention rate after a year, It has demonstrated encouraging outcomes in Sweden.

It is already making money in Sweden, intends to utilize the additional capital to expand its market share in Spain, Norway, and the Netherlands in addition to creating test projects in the UK and Germany. It intends to keep expanding and refining its approach for wider global application over the next years.

A portion of the funding will be used to enhance Yazen's patient care model and app, providing customers with access to a variety of experts and assistance. Patients benefit from a cooperative approach among Yazen's healthcare experts, who help them with lifestyle changes and weight loss medication.

A new chairman of the board

The new Chairman of the Board is Mikael Hed, a founding partner at Evli Growth Partners and a former CEO of Rovio, the company behind Angry Birds. It moves into its next stage of expansion, his experience creating and growing a global brand will be a huge advantage.

“We are extremely proud of what we’ve achieved so far and the strong growth we’ve seen in Sweden. This funding gives us the opportunity to continue our mission to defeat obesity on a global scale. With Mikael Hed as our new Chairman and the support of our new investors, we are better positioned than ever to make a difference,” said Fredrik Meurling, CEO and Founder of Yazen.

“Yazen’s comprehensive offering has quickly demonstrated an impressive track record. I look forward to leading the board’s work and, together with both existing and new investors, continuing Yazen’s international expansion,” said Mikael Hed, Growth Partner at Evli Growth Partners.

About Yazen

Yazen Health is a digital caregiver focused on weight loss management via a combination of medical treatment and lifestyle changes. Our team of specialists; your own doctor, dietitian, psychologist and personal trainer will support you in losing and maintaining a healthy weight.