This startup’s $1.5 million raise is a good sign for the region’s health IT aspirations

life-io (née Lifevest Health) raised a round from a slate of local investors, something we’ve seen more and more from Philly tech companies, but this one feels especially promising in light of the major push to make the region a hub for health IT.

Lifevest Health left Denver for a Philly-area accelerator three years ago. Now the company is announcing a round of funding from a slate of local investors, plus a new Center City office.

The workplace wellness company, which has since rebranded as, closed a $1.5 million round of funding from investors like Robin Hood Ventures, Rittenhouse Ventures, Ben Franklin Technology Partners and Delaware Crossing. Undisclosed local angel investors also participated.

( cofounder Jon Cooper also pitched at Steve Case’s Rise of the Rest pitch competition last fall.) is following a recent trend we’ve noticed, in which local startups raise entire rounds off of local investors. See: Sidecar, Phenom People, Journey Sales.’s round is especially promising because it suggests that there’s early-stage capital for health IT companies — something the region will need if it wants to kickstart a further med-tech movement.

Read the full article here.