Vida Health adds $110M in funding to its chronic condition management platform

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Vida Well being, a digital power situation care platform, introduced in the present day it has raised $110 million in its Collection D funding spherical led by Common Atlantic, Centene and AXA Enterprise Companions.

Further help was supplied by Ardea Companions, Ally Bridge Group, AME Cloud Ventures, Facet Ventures, Canvas Ventures, Guidewell, NGP Capital and Workday Ventures.

WHAT IT DOES

Vida Well being’s digital platform connects customers with a private well being coach who guides them via their desired program. The app presents a variety of plans for quite a lot of bodily and behavioral power circumstances, together with diabetes administration, weight reduction and psychological well being help.

Customers’ well being coaches tailor their applications primarily based on knowledge gathered via pharmacy claims, labs, gadgets, biometric knowledge and different member-reported sources.

In research, Vida Well being was capable of assist customers with Kind 2 diabetes scale back their HbA1c ranges by as much as 1.44 factors at follow-up. The app additionally aided 83% of the contributors in decreasing their stress scores after 12 weeks, in accordance with a preprint JMIR examine set for publication this summer time.

WHAT IT’S FOR

The corporate plans to place the brand new funding into rising its community of well being coaches by including new clinicians, psychological well being specialists and dieticians. It’s going to additionally assist enhance the platform’s machine studying capabilities and help Vida Well being’s business efforts, in accordance with the announcement.

MARKET SNAPSHOT

At the moment’s increase builds on Vida Well being’s $25 million spherical from final 12 months.

Vida Well being is much from being the one digital well being firm focusing on power circumstances.

A heavy hitter within the house, Livongo was absorbed final 12 months by Teladoc in an $18.5 billion merger. Welldoc and Onduo, two corporations recognized for his or her diabetes administration platforms, each not too long ago deepened their power care choices.

Others, together with Lark Well being and Happify Well being, have accomplished funding rounds of their very own in current months.

ON THE RECORD

“Our mission is huge however easy: remodel the lives of hundreds of thousands of individuals affected by power psychological and bodily circumstances,” Stephanie Tilenius, Vida Well being’s founder and CEO, mentioned in a press release.

“This new capital accelerates us towards our aim of impacting the lives of 100 million individuals globally via reversing the signs and prices of power illness. We’re thrilled so as to add marquee healthcare buyers to assist us scale our firm and proceed to develop essentially the most environment friendly and progressive care options available in the market.”

 

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