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Health management platform Novi Health raises $5M in Series A funding round


Novi Health, a Singapore-based well being tech firm and specialist clinic, has scored $5 million in a Series A funding round led by Monk’s Hill Ventures.

WHAT IT DOES

Founded in 2018, the corporate gives a healthcare platform that integrates scientific therapies with behavioural and life-style interventions to deal with power circumstances.

It has two core digital merchandise: Novi Magnum and Novi Optimum Plus. The former helps individuals with diabetes management their situation utilizing steady glucose monitoring know-how, coupled with medical care and dietary and life-style teaching. A study has discovered that this programme helped individuals cut back HbA1c by 1% and weight by virtually 6% over three months. 

Meanwhile, the latter is focused at individuals eager to lose extra weight. It additionally integrates medical remedy with well being teaching to realize sustainable and wholesome weight reduction.

WHAT IT’S FOR

Novi Health’s newest funds can be used to rent extra individuals for its know-how, development, and product groups, in addition to make investments in its technology-enabled platform.

MARKET SNAPSHOT

Other Singaporean startups in the power illness management area like MiyaHealth and HealthBeats have additionally lately raised investments for his or her enterprise expansions. 

In different information, RelatedHealth lately launched a brand new illness management app for sufferers with Type 2 diabetes. Called SugoSure, it gives a subscription-based service that gives digital well being help, distant monitoring, and well being teaching.

ON THE RECORD

“Our digital-first strategy permits us to extend accessibility and affordability of our companies, giving us the chance to affect extra lives. Since launch, our purchasers have achieved vital enhancements in diabetes management and weight discount and we sit up for bringing our options to a fair wider viewers,” mentioned Novi Health CEO and co-founder Sue Anne Toh.



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