Livongo health has got a $ fifty two.5 million investment to increase the attain of its digital health-management tools, together with its flagship diabetes-administration platform.
The Mountain View, Calif.-primarily based firm will additional enhance its diabetes-administration platform, amplify the platform to incorporate different conditions and transfer into global markets with the financing inflow, in step with CEO Glen Tullman.
the company’s diabetes tool, which includes linked glucose meters and app-primarily based guidance, is presently used by 35,000 folks. Livongo has partnerships with a slew of Fortune 500 firms, together with FedEx and PepsiCo, to provide workers with the platform. It additionally has agreements with providers and payers to work with employees and shoppers.
The purpose for everybody using the platform, Tullman said, is “empowerment”—permitting people to take cost of their very own well being. but as a way to require going past their current diabetes focus.
“If our intention is to keep folks fitter, and we care for their diabetes however we don’t handle their hypertension, excessive cholesterol or depression, then we have not actually made them more fit,” Tullman said.
Livongo hopes to supply a single complete approach to manage these conditions, he said—which is vital, since 70% of people over 50 with diabetes even have another situation.
Hypertension might be first area of Livongo’s growth, Tullman stated, adopted by high ldl cholesterol, weight management, pre-diabetes and depression.
Livongo’s know-how displays a healthcare business pattern of the usage of information to assist folks make higher health decisions, Tullman said. but Livongo is not exactly big information.
“that is in truth small, bite-sized, usable data,” he stated.
common Catalyst and Kinnevik lead the sequence B funding spherical, introduced Thursday.
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