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Allurion's mission is to end obesity.
19% employee growth in 12 months
Obesity is a growing problem worldwide, tripling over the past few decades with more than a billion people worldwide now classified as obese. Although the health effects can be deadly, many of the proposed solutions such as diet and exercise do not seem to have been effective. Enter Allurion, a company which seeks to end obesity through a "360-degree" approach.
While in current times weight loss is no longer driven by outdated aesthetic considerations, it's still true that diet and exercise alone do not always seem to work and the available alternatives require invasive surgery or endoscopy. This creates a space in the market which Allurion occupies with its combination of non-surgical gastric balloon to physically regulate hunger, app-based health tracker, and personalized nutrition and exercise plan. In over a decade it has treated over 100,000 patients in 60 countries.
Allurion has secured large amounts of investment, pushing its expansion into India and Brazil, and allowing it to hire highly qualified individuals to its board to speed its applications for approval in new markets as well as develop the product. It has also been researching AI-based solutions to weight loss that could be included as part of its Virtual Care Suite, in tandem with its physical products, adding yet another dimension to Allurion's strong offering.
Freddie
Company Specialist at Welcome to the Jungle
Apr 2021
$25m
EARLY VC
Jan 2020
$34m
EARLY VC
Dr. Shantanu Gaur
(Co-Founder & CEO)Prior to becoming the CEO was the Chief Scientific Officer with Allurion. Obtained a medical degree from Harvard Medical School.