Novi Well being, a Singapore-based well being tech firm and specialist clinic, has scored $5 million in a Sequence A funding spherical led by Monk’s Hill Ventures.
WHAT IT DOES
Based in 2018, the corporate affords a healthcare platform that integrates scientific therapies with behavioural and way of life interventions to handle persistent situations.
It has two core digital merchandise: Novi Magnum and Novi Optimum Plus. The previous helps individuals with diabetes management their situation utilizing steady glucose monitoring know-how, coupled with medical care and dietary and way of life teaching. A examine has discovered that this programme helped members scale back HbA1c by 1% and weight by nearly 6% over three months.
In the meantime, the latter is focused at individuals eager to lose extra weight. It additionally integrates medical therapy with well being teaching to attain sustainable and wholesome weight reduction.
WHAT IT’S FOR
Novi Well being’s newest funds might be used to rent extra individuals for its know-how, development, and product groups, in addition to put money into its technology-enabled platform.
MARKET SNAPSHOT
Different Singaporean startups within the persistent illness administration house like MiyaHealth and HealthBeats have additionally not too long ago raised investments for his or her enterprise expansions.
In different information, ConnectedHealth not too long ago launched a brand new illness administration app for sufferers with Kind 2 diabetes. Referred to as SugoSure, it affords a subscription-based service that gives digital well being help, distant monitoring, and well being teaching.
ON THE RECORD
„Our digital-first method permits us to extend accessibility and affordability of our providers, giving us the chance to influence extra lives. Since launch, our shoppers have achieved important enhancements in diabetes management and weight discount and we look ahead to bringing our options to a good wider viewers,“ mentioned Novi Well being CEO and co-founder Sue Anne Toh.
