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 staff who’ve earned their chops on banking APIs at the moment are making use of their expertise to different issues.
Healthcare is without doubt one of the sectors that might profit from API options. Whereas there’s worth in realizing your coronary heart charge or glucose ranges, an API might help firms give its finish customers a way more international view of their well-being, permitting them to take the precise steps to remain wholesome.
Mexico-based startup Vivanta lives at this intersection of healthcare and APIs. Its focus is well being knowledge, with an eye fixed 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 answer to Plaid.”
This API-centric observe document 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 observe document 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 informed TechCrunch. “We wished to have a robust community of folks that we will lean on.”
A few of Vivanta’s angel traders are founders themselves, reminiscent of 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 can be maybe much less widespread on cap tables — together with feminine engineers and CTOs at the moment constructing APIs.