life-io

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 Life.io, 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.

(Life.io cofounder Jon Cooper also pitched at Steve Case’s Rise of the Rest pitch competition last fall.)

Life.io 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. Life.io’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.