March 20, 2020
Crisis and Innovation: How Rimidi is helping limit the spread of coronavirus in emergency rooms
This interview is part of a series about innovative startups in Village Capital's network that are responding creatively to the challenges raised by COVID-19.
Every day recently has brought new reports about the lack of testing capacity in the United States for the novel coronavirus COVID-19, and concerns about overcrowded hospitals where infections can spread if not held in check.
Rimidi, a VilCap Investments portfolio company, is a digital health startup that helps healthcare providers better manage patients with chronic diseases. Two weeks ago, in response to news about the growing crisis, Rimidi launched a screening and triage tool for hospitals to help limit the spread of COVID-19 in emergency rooms and other healthcare settings.
The tool is a survey for patients with chronic health conditions or upcoming appointments, sent via text message in collaboration with patients’ health providers. The survey inquires about the patients’ symptoms and potential exposure to COVID-19, in accordance with the latest CDC guidelines. If a patient is experiencing certain symptoms or reports exposure to the virus, the app directs them to appropriate next steps, as defined by their local health systems. The survey is designed to interface with existing systems that healthcare providers use, like the Electronic Health Record.
The following interview with Rimidi founder & chief health innovator Lucienne Ide, Md, PhD has been edited and condensed for clarity.
March 20, 2020
Best Practices on Building Your Financial Model (and Common Mistakes to Avoid!)
Are you an early-stage entrepreneur looking to raise capital, but need help building your financial model?
Our team at Village Capital has trained more than 1,000 early-stage startups over the past decade, with a curriculum that is focused on how to get your startup “investment-ready”. One of the main questions we hear from founders is: how do I build a financial model?
March 20, 2020
Village Capital Programs: Frequently Asked Questions
What is Village Capital’s track record with companies?
Over the past 10 years, Village Capital has directly worked with more than 1,100 founders in 28 countries and has led more than 100 programs. Through the Global Accelerator Learning Initiative, an independent and external ongoing study of program success, we are able to confidently pull data about our program’s success.
March 18, 2020
Moving Finance Forward in 2020
We’ve seen real advancement in financial inclusion in the past few years, ushered in by mobile phones, an evolving regulatory environment, and a new generation of innovative fintech startups. But financial inclusion doesn’t equal financial health. Most traditional financial products -- from credit lines to saving accounts -- are focused on the needs of high-income people and large corporations.
March 9, 2020
COVID-19 will require long-term and short-term solutions
A pandemic, by its nature, demands immediate reactions. The exponential growth of a fatal disease like coronavirus means that individual people, households, businesses, and governments all need to move quickly to restrict transmission while also preparing for the longer-term impacts we will experience, and thinking about how we increase our preparedness to better handle these events in the future.
February 6, 2020
Finance Forward South Asia 2019 - A Recap
South Asia has seen impressive strides on financial health in the past five years. Mobile money and government programs have helped millions of people open bank accounts, find capital to open a business, or build savings for the future. Still, there’s a long way to go: one recent estimate found that more than a billion people in Asia have no access to formal financial services.
Our latest accelerator, Finance Forward: South Asia 2019, featured 12 startups that are improving financial health for people and small business owners in South Asia. The accelerator was part of Finance Forward, a global coalition created with MetLife Foundation, PayPal, and local partners to support more than 100 early-stage entrepreneurs building tech-enabled solutions around financial health in the United States, Latin America, Europe, the Middle East and India.
January 29, 2020
Announcing a new Family of Funds strategy at Village Capital
2020! The opening of a new decade coincides with the beginning of a new decade in the Village Capital story.
Last year our fund, VilCap Investments, made its 110th and final initial seed investment, and shifted its focus to supporting our existing portfolio, doubling down on the most promising companies addressing financial health, affordable healthcare, innovations in the future of work, sustainable food and agriculture systems, and clean energy solutions for a changing climate.
So we asked ourselves: what comes next?
January 8, 2020
Announcing The Winners: Finance Forward MENA 2019
We’re excited to announce the winners of Finance Forward: Middle East and North Africa 2019, a Village Capital investment-readiness program held in Amman, Jordan in November in partnership with MetLife Foundation, an advisory board of MENA-based investors and experts, and local partners including Beyond Capital and Endeavor Jordan.