Foley Represents Vidia in $1.73M Seed Funding Round

Foley & Lardner LLP recently represented Brazilian startup Vidia in its $1.73 million (R$9 million) seed funding round, led by Caravela Capital.

Vida is a startup that connects patients to private hospitals with idle capacity in the operating room. The digital platform enables elective surgeries for people who do not have a health plan. By offering a high volume of patients to private hospitals with idle capacity in the operating room, the company manages to make the price of operations up to 40 percent less expensive.

Vidia plans to utilize the investment to scale the business and is negotiating with hospitals in two capitals in the Northeast with plans to test the model in smaller centers, such as the interior of São Paulo and Paraná.

The Foley team was led by Partner André Thiollier and included Associate Ethan Floyd.