Copenhagen-based digital well being firm specializing in power illness administration, Daybreak Well being secured $13 million (€11.5 million) from present traders Chr. Augustinus Fabrikker, the export and funding fund of Denmark (EIFO) and Trifork.
WHAT IT DOES
Daybreak Well being’s platform and merchandise are utilized in oncology, a number of sclerosis and for uncommon pediatric circumstances, like progress problems, to assist pharma firms, sufferers and healthcare professionals increase outcomes and affected person care by leveraging superior capabilities in AI, information, proof technology, medical integrations, personalization and linked well being.
Merck and Novartis are among the many firms which have adopted Daybreak’s choices.
The corporate will use the funds to market its platform and product suite to world pharmaceutical firms by means of a SaaS mannequin.
“Our ambition is to be the worldwide chief in digital well being, powering pharma’s next-generation merchandise and finally bettering the lives of sufferers worldwide,” Alexander Mandix Hansen, CEO of Daybreak Well being, mentioned in a press release.
“This funding permits us to deliver our confirmed platform to extra markets and deepen our impression.”
MARKET SNAPSHOT
In 2023, Daybreak Well being partnered with Novartis to develop a power situation administration platform.
Underneath the collaboration, Daybreak and Novartis constructed distant monitoring and administration instruments for power circumstances the place they see an unmet want and considerations round illness development, like a number of sclerosis, hypertension, heart problems and breast most cancers.
The platform consists of affected person cellular apps, symptom monitoring, digital biomarkers, medical choice assist companies and digital clinic choices geared towards particular ailments and circumstances.
Different firms within the power situation house embody Wellth, which secured $20 million in Collection B funding in 2023.
The spherical was led by SignalFire, with participation from former Evolent Well being CEO Frank Williams and former traders the Social Entrepreneurs’ Fund, CD Enterprise, Yabeo and the Partnership Fund for NYC.
In 2022, Omada Well being included behavioral well being assist in its present packages for diabetes prevention and administration, hypertension and musculoskeletal care.
The behavioral well being integration consists of anxiousness and melancholy evaluation, sources to handle social determinants of well being, stress administration and sleep instruments. It presents care groups supplemented by psychological well being specialists and coaching, triage and steerage in severe psychological well being crises.
That very same 12 months, the corporate raised a hefty $192 million in Collection E funding, which it used to put money into new hires, its tech street map for care personalization and its Omada Insights Lab.
Constancy Administration & Analysis Firm led the spherical, which included participation from aMoon, Perceptive Advisors, Wellington Administration, Civilization Ventures and others.
