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 gives a healthcare platform that integrates medical remedies with behavioural and way of life interventions to handle power 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 know-how, coupled with medical care and dietary and way of life teaching. A examine has discovered that this programme helped contributors cut 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 remedy with well being teaching to realize sustainable and wholesome weight reduction.

WHAT IT’S FOR

Novi Well being’s newest funds can 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 power 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 gives 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 influence extra lives. Since launch, our shoppers have achieved important enhancements in diabetes management and weight discount and we sit up for bringing our options to an excellent wider viewers,” mentioned Novi Well being CEO and co-founder Sue Anne Toh.