Yazen raises €3.1M for expansion
Yazen is a digital weight-loss clinic using a combination of lifestyle changes and medication. The company has now raised €3.1M to continue its expansion in Europe.
Founders of Yazen: Fredrik Meurling, CEO, Otto Bretz, CTO, Magnus Nyhlén, MD and entrepreneur, and Martin Carlsson, Associate Professor, MD and specialist in endocrinology.
Yazen started 2021 with the mission to defeat obesity. With the help of a team of doctors, dietitians, psychologists and personal trainers, patients are treated using a combination of modern medication and lifestyle changes via a digital platform. The founders are Magnus Nyhlén, MD and entrepreneur, Otto Bretz, CTO, Fredrik Meurling, CEO and Martin Carlsson, Associate Professor, MD and specialist in endocrinology. The team have also built other successful digital care platforms such as MinDoktor and Blodtrycksdoktorn.
Today Yazen has operations in Sweden and has just launched in Norway and Spain. In order to continue developing the product, to increase the customer base and establish operations in additional markets, Yazen has raised a €3.1M seed round. The investment round is led by Luminar Ventures.
Obesity the reason behind many diseases
Obesity is the major health problem of our time, costing the healthcare sector and society large amounts, not to mention the widespread human suffering it causes. Yazen has developed a clinically proven treatment method with lifestyle changes combined with the latest developments in weight loss medication, GLP-1 inhibitors. “We see substantial international potential and look forward to supporting the company,” says Magnus Bergman, co-founding partner of Luminar Ventures.
In Sweden alone, more than 1.3 million adults are obese and 52% of the population are overweight. Obesity is also the cause of many of the most common diseases such as heart disease, high blood pressure, type 2 diabetes, different forms of cancer and arthritis. Many countries in Europe have an even larger problem, with an even higher number of people being overweight. Yazen has 45 employees and strong monthly growth. The focus is now on growing at the same pace in the countries Yazen is now expanding to.
Yazen - strong growth and prepared for expansion
“We have already helped thousands of Swedes lose a total of several tons in weight and improved their quality of life as a result,” says Fredrik Meurling, co-founder and CEO of Yazen. “We see a massive 15% monthly growth in our number of patients, and this investment is very important for our continued development and European expansion.”
“The treatment of obesity is currently experiencing a global revolution: The development of GLP-1 inhibitors, in combination with lifestyle changes driven by an accessible digital platform gives our patients a completely new possibility to lose weight and maintain their new, healthy weight," says Magnus Nyhlén, MD, co-founder and chairman of Yazen. “Yazen is well-prepared; with a competent team, an intelligent platform and this new financing, we are now ready to help more people all over Europe”
For more information
Christina Waller Sterner
Chief Marketing and Communications Officer
Mobile: +46 767- 669067
About Yazen
Yazen is a digital caregiver focused on treating obesity using a combination of medical treatment and lifestyle changes. Through a digital platform the patients gain access to a team of specialists; doctors, psychologists, dieticians and personal trainers. The four founders Magnus Nyhlén, MD and entrepreneur, Otto Bretz, CTO, Fredrik Meurling, CEO and Martin Carlsson, Associated Professor, MD and specialist in endocrinology, have also founded other successful digital caregivers such as MinDoktor and Blodtrycksdoktorn. Yazen started 2021, has 45 employees and headquarters in Lund, Sweden. The company is now expanding in Europe.
