# Kumanu

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kumanu

- Industry: Healthcare IT
- Headquarters: Ann Arbor, US
- Website: www.kumanu.com
- Total disclosed funding: $6.5M
- Latest round: Seed (Oct 1, 2018)
- Investors on record: 4

## About

Kumanu, Inc. harnesses a purpose-driven wellbeing platform to enhance employee health, mitigate burnout, and foster organizational retention. It utilizes science-based strategies to motivate individuals toward meaningful behavior change.Kumanu, Inc. is a company specializing in employee wellbeing solutions, founded in 2015 and headquartered in Ann Arbor, US. The company has completed 6 significant deals, with the latest being on August 4, 2020, where it raised USD 3.000 mn in Series A funding from ProMedica Healthcare Retirement Plan. The company does not have publicly available information regarding any pivots or subsidiaries. The CEO, Victor Strecher, has previously contributed to initiatives focused on behavioral health and wellness.Kumanu offers a purpose-powered wellbeing platform aimed at enhancing employee wellbeing and improving retention within organizations. The platform employs science-backed methodologies to encourage individual motivation and facilitate meaningful behavior change, providing personalized support and social features that promote a sense of belonging. It is primarily targeted at employers, health systems, health plans, and consultants, helping organizations create robust wellbeing strategies that engage employees effectively. Key features of the platform include AI coaching, resource navigation, and real-time population insights, supporting users' health and productivity across various markets, including the US and select international regions.Kumanu generates revenue primarily through subscription agreements with businesses utilizing its wellbeing platform. Clients typically establish long-term partnerships that integrate Kumanu’s services into their employee wellness initiatives, often through tiered subscription plans that cater to varying access levels. Revenue is aligned with the number of users or specific features utilized, ensuring consistency. While specific pricing structures are not disclosed, the company focuses on delivering substantial value through its core offerings, emphasizing improvements in employee health and engagement.In August 2020, Kumanu, Inc. successfully raised USD 3.000 mn in Series A funding, which is intended to support the development and launch of upcoming products aimed at expanding its wellbeing platform's capabilities. The company is planning to enter new markets, specifically targeting international regions where employee wellbeing is increasingly prioritized. Detailed timelines for these initiatives have not been disclosed, but the funding will enable Kumanu to enhance its service offerings and broaden its market reach.

## Funding rounds

- Seed, Oct 1, 2018, $2M — Michigan Angel Fund
- Seed, Sep 1, 2017, $4.5M — Michigan Angel Fund, Tappan Hill Ventures, Wakestream Ventures, CVC Jool Investors

## Investors

- Michigan Angel Fund (https://capitalatlas.ai/funds/michigan-angel-fund) — Seed
- Tappan Hill Ventures (https://capitalatlas.ai/funds/tappan-hill-ventures) — Seed
- Wakestream Ventures (https://capitalatlas.ai/funds/wakestream-ventures) — Seed
- CVC Jool Investors — Seed