Well being administration platform Novi Well being raises $5M in Sequence A funding spherical

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 gives a healthcare platform that integrates medical remedies with behavioural and life-style interventions to deal with continual 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 expertise, coupled with medical care and dietary and life-style teaching. A examine has discovered that this programme helped individuals scale back HbA1c by 1% and weight by virtually 6% over three months. 

In the meantime, 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 Well being’s newest funds shall be used to rent extra individuals for its expertise, progress, and product groups, in addition to put money into its technology-enabled platform.

MARKET SNAPSHOT

Different Singaporean startups within the continual illness administration area like MiyaHealth and HealthBeats have additionally lately raised investments for his or her enterprise expansions. 

In different information, ConnectedHealth lately launched a brand new illness administration app for sufferers with Sort 2 diabetes. Referred to as 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 method permits us to extend accessibility and affordability of our providers, giving us the chance to impression extra lives. Since launch, our purchasers have achieved vital 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.

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