Twin Health, a provider of digital twin technology and telehealth program for people with diabetes and other cardiometabolic condition, raised $140 million in Series C funding.
The Series C funding round investors include ICONIQ Growth, Sequoia Capital India, Perceptive Advisors, Corner Ventures, LTS Investments, Helena, and Sofina.
The company plans to use the latest funds to scale its business in the U.S. and worldwide.
According to Twin Health, its telehealth program uses data from multiple sensors, including continuous glucose monitors, fitness watches, and blood tests. Patients and their care team are provided individualized, precise, timely guidance across nutrition, sleep, activity, and breathing through an app. Healthcare providers can access organized biomarker data and medication reduction recommendations for their patients to reverse chronic disease.
“The Whole Body Digital Twin™ is delivering a new standard of care, empowering physicians and patients to make highly personalized data-driven decisions based on real-time feedback coming from patients’ own bodies,” said Dr. Toby Cosgrove, Executive Advisor/Cleveland Clinic, who is on Twin Health’s board of directors.
The Twin service is available via partner programs such as employer benefits, health insurance plans, self-insured employers, and health systems.
“The Whole Body Digital Twin™ became my life’s work after my eyes were opened to the magnitude of chronic disease globally. I had seen too many loved ones impacted by the daily challenges of living with these diseases, forever changing the futures they imagined,” said Mohammed, who initially bootstrapped the company, and self-funded $10 million. “The impact the Twin service has had on our members’ lives energizes and inspires me, hearing their stories as they begin to understand the intricacies of their own metabolism and feel empowered to heal from the inside out.”
Digital Health companies raised nearly $15 billion in the first half of 2021, according to the latest Mercom Digital Health Funding and M&A Report. mfine, an AI-enabled telemedicine platfrom that provides instant healthcare services, raised $48 million in a Series C funding round co-led by Moore Strategic Ventures and BEENEXT.
