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

Novi Wellbeing, a Singapore-dependent wellbeing tech firm and professional clinic, has scored $5 million in a Collection A funding spherical led by Monk’s Hill Ventures.

WHAT IT DOES

Launched in 2018, the organization gives a health care system that integrates scientific treatments with behavioural and way of life interventions to address persistent problems.

It has two main digital products and solutions: Novi Magnum and Novi Ideal Additionally. The former can help individuals with diabetes regulate their situation working with ongoing glucose checking technological know-how, coupled with professional medical treatment and dietary and lifestyle coaching. A review has identified that this programme served contributors decrease HbA1c by 1% and weight by almost 6% over a few months. 

Meanwhile, the latter is targeted at folks wanting to lose surplus fat. It also integrates clinical procedure with overall health coaching to accomplish sustainable and nutritious body weight decline.

WHAT It truly is FOR

Novi Health’s most up-to-date funds will be employed to seek the services of more individuals for its engineering, growth, and merchandise teams, as properly as commit in its technological know-how-enabled platform.

Current market SNAPSHOT

Other Singaporean startups in the persistent disease administration room like MiyaHealth and HealthBeats have also recently lifted investments for their organization expansions. 

In other news, ConnectedHealth recently launched a new disorder management application for people with Form 2 diabetes. Referred to as SugoSure, it gives a membership-primarily based services that presents electronic health help, distant monitoring, and wellbeing coaching.

ON THE File

“Our digital-initial technique will allow us to enhance accessibility and affordability of our products and services, providing us the option to effects much more life. Because launch, our shoppers have accomplished sizeable enhancements in diabetes handle and bodyweight reduction and we glance ahead to bringing our alternatives to an even wider viewers,” said Novi Wellness CEO and co-founder Sue Anne Toh.