Copenhagen-based digital well being firm specializing in persistent illness administration, Daybreak Well being secured $13 million (€11.5 million) from current traders Chr. Augustinus Fabrikker, the export and funding fund of Denmark (EIFO) and Trifork.
WHAT IT DOES
Daybreak Well being’s platform and merchandise are utilized in oncology, a number of sclerosis and for uncommon pediatric circumstances, like progress issues, to assist pharma corporations, sufferers and healthcare professionals enhance outcomes and affected person care by leveraging superior capabilities in AI, knowledge, proof era, medical integrations, personalization and linked well being.
Merck and Novartis are among the many corporations which have adopted Daybreak’s choices.
The corporate will use the funds to market its platform and product suite to international pharmaceutical corporations via a SaaS mannequin.
“Our ambition is to be the worldwide chief in digital well being, powering pharma’s next-generation merchandise and finally bettering the lives of sufferers worldwide,” Alexander Mandix Hansen, CEO of Daybreak Well being, mentioned in a press release.
“This funding permits us to convey our confirmed platform to extra markets and deepen our affect.”
MARKET SNAPSHOT
In 2023, Daybreak Well being partnered with Novartis to develop a persistent situation administration platform.
Underneath the collaboration, Daybreak and Novartis constructed distant monitoring and administration instruments for persistent circumstances the place they see an unmet want and considerations round illness development, like a number of sclerosis, hypertension, heart problems and breast most cancers.
The platform contains affected person cellular apps, symptom monitoring, digital biomarkers, medical determination assist providers and digital clinic choices geared towards particular illnesses and circumstances.
Different corporations within the persistent situation area embody Wellth, which secured $20 million in Collection B funding in 2023.
The spherical was led by SignalFire, with participation from former Evolent Well being CEO Frank Williams and former traders the Social Entrepreneurs’ Fund, CD Enterprise, Yabeo and the Partnership Fund for NYC.
In 2022, Omada Well being included behavioral well being assist in its current applications for diabetes prevention and administration, hypertension and musculoskeletal care.
The behavioral well being integration contains anxiousness and despair evaluation, sources to handle social determinants of well being, stress administration and sleep instruments. It gives care groups supplemented by psychological well being specialists and coaching, triage and steerage in severe psychological well being crises.
That very same 12 months, the corporate raised a hefty $192 million in Collection E funding, which it used to spend money on new hires, its tech highway map for care personalization and its Omada Insights Lab.
Constancy Administration & Analysis Firm led the spherical, which included participation from aMoon, Perceptive Advisors, Wellington Administration, Civilization Ventures and others.
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