Spine
We run benefits, payroll & compliance for startups, for free: health paid for by employers, like Ovia Health; in the news on 11-12-26.
- Found
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Thesis FitHow Scout Scores
71%Fit
Strong across the board.
Likely Acquirers
Strategic Buyers and What They Paid| Buyer | Venture Arm | What They Bought | Price | Multiple |
|---|---|---|---|---|
| Unilever | Unilever Ventures | Grüns (04-09-26) | about $1.2B, price undisclosed (Axios Pro, Forbes)Reported | about 4x sales |
| Dr. Squatch (06-25) | $1.5B, reported by the FTReported | — | ||
| Labcorp | None Found | Ovia Health (08-21) | terms undisclosedReported | — |
Also buying in Consumer Health, no deal loaded yet: Quest Diagnostics, Hims & Hers, Hinge Health, Omada Health, Kenvue, Haleon, Nestlé Health Science.
75% of 2025's venture-backed acquisitions came after only a Series A (PitchBook-NVCA, Q3 2025).
Team Notes
Everyone sees theseDraft Investment Memo
A first draft of Spine's memo in Sidekick's "Investment Memo" voice, built from what Scout has found. Every data point links to its source, and anything Scout can't confirm goes to Questions for Founders at the end.