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

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

WHAT IT DOES

Based in 2018, the corporate affords a healthcare platform that integrates medical remedies with behavioural and way of life interventions to deal with continual situations.

It has two core digital merchandise: Novi Magnum and Novi Optimum Plus. The previous helps folks 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 cut back HbA1c by 1% and weight by virtually 6% over three months. 

In the meantime, the latter is focused at folks desirous to lose extra weight. It additionally integrates medical therapy with well being teaching to realize sustainable and wholesome weight reduction.

WHAT IT’S FOR

Novi Well being’s newest funds will probably be used to rent extra folks for its know-how, 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 Sort 2 diabetes. Known as SugoSure, it affords 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 purchasers have achieved vital enhancements in diabetes management and weight discount and we look ahead to bringing our options to a good wider viewers,” stated Novi Well being CEO and co-founder Sue Anne Toh.