Omada Health, a San Francisco, CA-based digital health provider, raised $48m in Series C funding.
The round was led by Norwest Venture Partners with participation from Humana Inc. (NYSE: HUM) and Providence Health & Services, prior investors US Venture Partners, Rock Health and Andreessen Horowitz, and new investors GE Ventures and dRx Capital. and Andreessen Horowitz, and new investors GE Ventures and dRx Capital.
The company intends to use the funds to expand clinical research and publishing schedule, and drive continuous improvement and enhancement of Prevent, the company’s flagship program.
Led by CEO and co-founder Sean Duffy, Omada Health provides Prevent, a digitally-based lifestyle intervention that allows individuals to reduce their risk for obesity-related chronic diseases such as diabetes and heart disease. The program combines technology like a wireless scale pre-synced to a participant’s account, a proprietary health-related curriculum, on-demand access to a personal health coach, and a online peer network for support.
The company works with employer and health plan customers to provide evidence-based behavioral interventions for those at risk for heart disease, diabetes, and other chronic conditions.
Since its founding, the company has enrolled more than 20,000 Prevent participants.
FinSMEs
17/09/2015