API-first firms are on the rise, not simply in fintech but additionally in sectors like healthcare. This diversification is boosted by the truth that workers who’ve earned their chops on banking APIs are actually making use of their expertise to different issues.
Healthcare is likely one of the sectors that might profit from API options. Whereas there’s worth in understanding your coronary heart fee or glucose ranges, an API can assist firms give its finish customers a way more international view of their well-being, permitting them to take the proper steps to remain wholesome.
Mexico-based startup Vivanta lives at this intersection of healthcare and APIs. Its focus is well being knowledge, with a watch on the truth that wearables have gotten ubiquitous. However its co-founders Alex Hernandez and Jorge Madrigal beforehand labored collectively at fintech firms: Arcus, acquired by Mastercard final December, and Belvo, which is API-led and generally described as “LatAm’s reply to Plaid.”
This API-centric monitor file was key for the startup to boost a $300,000 pre-seed spherical even earlier than launching its product — Vivanta is doing a personal launch subsequent month.
“We invested in Vivanta as a result of Jorge and Alex have a profitable monitor file of pushing new API merchandise into the market,” stated 99startups managing accomplice Alejandro Gálvez, who participated within the funding alongside Guadalajara’s Redwood Ventures, Monterrey’s Angel Hub MTY and Mexico-focused syndicate Lotux.
Vivanta’s founders additionally invited a dozen people to take part within the spherical, with a concentrate on operators with related experience. “With the ability to ask inquiries to individuals who’ve executed it earlier than is invaluable,” Madrigal instructed TechCrunch. “We needed to have a robust community of those that we are able to lean on.”
A few of Vivanta’s angel traders are founders themselves, comparable to Arcus’ Edrizio de la Cruz, Madrigal’s and Hernandez’s former boss. However the pair additionally made a deliberate effort to succeed in out to technical profiles which are maybe much less widespread on cap tables — together with feminine engineers and CTOs presently constructing APIs.