Vibrant Constipation Treatment Raises $ 7.5 Million Led by Unorthodox Ventures
YOKNEAM ILLIT, Israel, March 26, 2021 / PRNewswire / – Vibrant, a leading developer of gastrointestinal therapies, today announced the first closing of a $ 7.5 million Series E financing round, led by Unorthodox Ventures, the Austininvestment group that is redefining the venture capital model of today.
Vibrant has developed a non-drug treatment for the growing number of people suffering from chronic constipation and suffering from the common side effects caused by traditional medications. These side effects include unexpected diarrhea, creating frequent quality of life problems.
This is proof that chronic constipation is no laughing matter. When a high-fiber diet and over-the-counter laxatives don’t work, sufferers turn to more aggressive medications that come with these serious side effects. Vibrant is a totally different solution. Once swallowed, the company’s vibrating capsule revives the natural impulses in your gut wall to contract, relax, and shake things up again, all without the use of chemicals.
“More than 35 million Americans suffer from chronic constipation, and it is high time to create real solutions to this serious problem that prevents people from leading active lives,” said the CEO of Vibrant. Lior Ben Tsour.
Vibrant’s treatment is in its third round of trials with the U.S. Food and Drug Administration, and the company is actively engaging with physicians and insurers for its planned deployment. Previous studies have confirmed that patients have marked improvements in spontaneous and unassisted stool stimulation. The vibrating capsule is similar in size to a common multivitamin and is taken less than half as often as traditional constipation medications.
With this investment, Unorthodox Ventures Founder Carey Smith, who founded fan and light maker Big Ass Fans, will join Vibrant’s board of directors. The board of directors is chaired by Yoav Shaked, a partner of Sequoia Capital, who is a former investor in Vibrant and has participated in four rounds of funding.
“At Unorthodox Ventures, we look for companies that are going against the norm,” said Smith. “Vibrant is a solution unlike any other available today, and we look forward to helping them market it in the United States and help those who have suffered for too long. “
IsraelVibrant Ltd. is the developer and producer of a proprietary biocompatible solution for the treatment of constipation. The drug-free, orally administered vibrating capsule induces intestinal transit, and an associated patient application enables remote monitoring of patient status by physicians. Learn more about vibratinggastro.com.
About unorthodox businesses
Aiming to disrupt today’s venture capital industry, Austin-Based Unorthodox Ventures seeks entrepreneurs with high potential and provides more than just money. Led by the founder of Big Ass Fans Carey smith, Unorthodox Ventures is a complete reinvention of the investment process, starting with its team of experts who help entrepreneurs by providing support for everything from engineering and marketing to customer service and logistics. Learn more about unorthodoxventures.com.
SOURCE Unorthodox Businesses