Copenhagen-based digital well being firm specializing in power illness administration Dawn Health secured $13 million (€11.5 million) from present buyers 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 and for a number of sclerosis and uncommon pediatric circumstances, like development problems, 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 software-as-a-service (SaaS) mannequin.
“Our ambition is to be the worldwide chief in digital well being, powering pharma’s next-generation merchandise and finally enhancing the lives of sufferers worldwide,” Alexander Mandix Hansen, CEO of Daybreak Well being, stated in an announcement.
“This funding permits us to carry our confirmed platform to extra markets and deepen our impression.”
MARKET SNAPSHOT
In 2023, Daybreak Well being partnered with Novartis to develop a power situation management platform.
Below the collaboration, Daybreak and Novartis constructed distant monitoring and administration instruments for power circumstances the place they see an unmet want and issues round illness development, like a number of sclerosis, hypertension, heart problems and breast most cancers.
The platform contains affected person cell apps, symptom monitoring, digital biomarkers, medical resolution assist companies and digital clinic choices geared towards particular ailments and circumstances.
Different corporations within the power situation house embrace Wellth, which secured $20 million in Series B funding in 2023.
The spherical was led by SignalFire, with participation from former Evolent Health CEO Frank Williams and former buyers the Social Entrepreneurs’ Fund, CD Enterprise, Yabeo and the Partnership Fund for NYC.
In 2022, Omada Health included behavioral health support in its present packages for diabetes prevention and administration, hypertension and musculoskeletal care.
The behavioral well being integration contains nervousness and despair evaluation, assets to handle social determinants of well being, stress administration and sleep instruments. It provides care groups supplemented by psychological well being specialists and coaching, triage and steering in severe psychological well being crises.
That very same yr, the corporate raised a hefty $192 million in Series E funding, which it used to spend money on new hires, its tech highway map for care personalization and its Omada Insights Lab.
Fidelity Management & Research Company led the spherical, which included participation from aMoon, Perceptive Advisors, Wellington Management, Civilization Ventures and others.
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