January AI, a telehealth program for a healthy metabolism, raised $8.8 million in a new funding round, bringing its total capital raised to $21 million.
Felicis Ventures, a venture fund that invests in consumer health and wellness companies, led the funding round with participation from Fitbit, Modern Health, HAND Capital, and Marc Benioff.
Existing seed investors AME Cloud Ventures and SignalFire, along with Steve Chen (YouTube Co-Founder), Marissa Mayer (Sunshine Co-Founder), Mostafa Ronaghoi (Grail Co-Founder and former Illumina CTO), Lily Sarafan (Home Care Assistance Chairman), and Gary Kennedy (Oracle veteran), also participated in the round.
The company plans to use the new funds to hire across product, engineering, and operations and accelerate its complete metabolic health program, Season of Me.
Season of Me includes a telehealth screening with a licensed physician, two continuous glucose monitors (CGM), and a 90-day membership to the January app. Season of Me assists people across the diabetes spectrum build better habits towards living healthier lives by giving wearers personalized insights on how diet, exercise, and sleep affect their blood sugar in real-time.
“We’re thrilled to join with this incredible team of leaders in technology and venture to bring January AI to millions of Americans with or at risk of developing diabetes,” said Noosheen Hashemi, Founder, and CEO of January AI.
“We believe that every day can feel like January 1st – a day to take a fresh start towards better health-and that self-improvement is a team sport. Additionally, we are excited to expand our footprint into enterprise, including pharma, where we already have a paying customer. With these partners and our growing team of advisors, we can unlock the power of personalized self-care for consumers wanting to take control of their health.”
Telehealth companies secured a record $4.3 billion VC funding during 2020. The funding amount was a 140% increase in 2020, compared to $1.8 billion raised in 2019. Eden Health, a direct-to-employer telehealth platform, raised $60 million in Series C funding.