Ciba Health, a NYC-based digital health company, raised $10M in Series A funding.
The round was led by DigiTx Partners, with participation from E12 Ventures, 3CC Capital, Plug and Play Ventures and angel investors.
The company is using the funds to accelerate product development and scale its operations to meet growing market demand.
Led by Dr. Innocent Clement, CEO, Ciba Health is a digital health company that aims to simplify healthcare with a personalized, whole person-care approach to prevent and reverse chronic diseases through root-cause treatment.
Ciba Health leverages expert care teams, lab testing and a root-cause approach to understand and solve core issues that in turn, treat a variety of conditions including type 2 diabetes, digestive health issues and more. Its onboarding process includes a questionnaire and easy clinical tests which identify over 300 lab markers, compared to the average 50 markers in traditional tests. Each patient is matched with a provider team, which includes 1:1 visits with a health coach, physician and dietician, and given wearable devices like Fitbits and sleep trackers not normally offered in the healthcare market, to understand their conditions and treat the root causes with accessibility, transparency, convenience and comfort.
The company contracts with employers as a benefit and also is accessible for individual adults and dependents.
Ciba Health recently launched its Pediatric Metabolic Program in March to offer its health plans to children five and older as well as their families. The company has also partnered with Instacart Health to integrate Instacart’s grocery shopping offering with Ciba Health’s dietician services and nutrition program, and also joined Solera Health’s network to help employers offer foundational medical treatment at an affordable cost. The company plans to expand its partnerships with third party administrators, integrate GLP-1 step therapies into its employer offerings, PBMs and health plans, and continue building its employee headcount in the coming months.
Ciba also appointed Nwamaka Imasogie, formerly a Principal Software Engineer on the healthcare AI team at Microsoft, as Chief Technology Officer. Roger Chahine has been promoted from Chief Strategy and Operating Officer to President.
FinSMEs
08/05/2024