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 provides a healthcare platform that integrates scientific therapies with behavioural and life-style interventions to deal with continual circumstances.
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 expertise, coupled with medical care and dietary and life-style teaching. A research has discovered that this programme helped individuals cut back HbA1c by 1% and weight by virtually 6% over three months.
In the meantime, the latter is focused at individuals desirous to lose extra weight. It additionally integrates medical remedy with well being teaching to attain sustainable and wholesome weight reduction.
WHAT IT’S FOR
Novi Well being’s newest funds will likely be used to rent extra individuals for its expertise, progress, and product groups, in addition to spend money on its technology-enabled platform.
MARKET SNAPSHOT
Different Singaporean startups within the continual illness administration area like MiyaHealth and HealthBeats have additionally just lately raised investments for his or her enterprise expansions.
In different information, ConnectedHealth just lately launched a brand new illness administration app for sufferers with Kind 2 diabetes. Known as SugoSure, it provides a subscription-based service that gives digital well being assist, distant monitoring, and well being teaching.
ON THE RECORD
“Our digital-first strategy permits us to extend accessibility and affordability of our providers, giving us the chance to affect extra lives. Since launch, our shoppers have achieved vital enhancements in diabetes management and weight discount and we stay up for bringing our options to a fair wider viewers,” mentioned Novi Well being CEO and co-founder Sue Anne Toh.
