Taiwanese diabetes management startup raises $3M for overseas expansion

By Amirah Al Idrus Aug 24, 2016 9:24am

Diabetes management startup Health2Sync raised $3 million in a Series A round, which it will use toward product development and to drive growth in markets including Japan, China and Southeast Asia.

Founded in 2013, the Taiwanese company offers patients a mobile app and smart cable to connect their glucose meters to their smartphones via the audiojack or infrared. It markets a patient management platform to healthcare providers. The platform is available in Taiwan and the U.S.

The platform is built on using data to help patients understand the factors that affect blood glucose and how to effect lifestyle changes to better manage their disease, according to a statement. A patient can manually record exercise, food and medication information in the app. He or she can also manually enter glucose readings, though the smart cable enables the automatic sync of data from a glucose meter. The app then turns the data into easy-to-read graphs, such as trend lines and pie charts, which can then be shared via email.

Patients may connect to healthcare providers in the app to give them access to their glucose data and activity and help them manage their diabetes more effectively. Patients may also add “partners” in the app, or people with whom they want to share data.

“While half of the global diabetic population is in Asia, the region is underserved when it comes to daily and personalized care,” said Health2Sync CEO Ed Deng in the statement. "By leveraging technology and catering to patient needs, we have demonstrated clinical efficacy. With the new capital, we will be able to continue our mission to provide personalized care for all diabetics.”

The Series A round was led by WI Harper Group, with participation from Cherubic Ventures, iSeed Ventures and SparkLabs Global Ventures.

- here's the statement

Diabetes Taiwan Biotech