# Newtopia

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

- Industry: Healthcare
- Headquarters: New York, US
- Website: www.newtopia.com
- Total disclosed funding: $1M
- Latest round: Angel (May 5, 2011)
- Investors on record: 1

## About

Based in the US, Newtopia Inc. is a health coaching company that utilizes personalized strategies to empower individuals in managing their health and well-being through innovative technology.Founded in 2008 in New York, US, Newtopia Inc. provides a personalized health coaching platform. The company has completed 8 deals, with its most recent funding event occurring on May 4, 2020. The founders, Dennis Bennie and Jeff Ruby, have previously launched other ventures, contributing to the company's expertise in health solutions. Newtopia has raised a total of USD 1.50 mn, with the latest funding round being a Private Placement/Follow on that raised USD 1.50 mn from a recent round.Newtopia offers a personalized whole health platform aimed at fostering lifelong healthy habits to prevent chronic diseases and enhance mental well-being. Their core services include pairing participants with Inspirators, who develop tailored well-being plans using technology like activity trackers and mobile apps. Targeting employers and health plans in the United States, Newtopia's approach is data-driven and focused on chronic conditions such as type 2 diabetes and obesity.In 2022, Newtopia reported revenues of USD 8,584,553.40, while its EBITDA for that year was USD -4,946,402.90. The company's revenue model relies on partnerships with employers and health plans, providing subscription-based services that aim to improve employee health metrics and decrease healthcare costs through engagement-based pricing.Newtopia plans to leverage its recent funding raise of USD 1.50 mn from March 2023 for general corporate and working capital purposes, including business expansion and team enhancement. The company is focused on developing new products and enhancing its existing platform functionalities, while also targeting geographic expansion into new markets across the United States. The recent capital will support these initiatives as they aim to introduce innovative health solutions and strengthen their market presence.

## Funding rounds

- Angel, May 5, 2011, $1M — BDC Capital

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Angel