Back in December 2011, Omada Health grabbed $800K in seed funding from a long list of notable investors, including NEA, Aberdare, Kapor Capital, TriplePoint Ventures and Esther Dyson. After a year of testing, the funding enabled the startup to launch Prevent, its flagship product and the “first-ever online diabetes prevention program for the general public,” Omada Health founder Sean Duffy said at the time.
And that, in a nutshell, has been the startup’s mission since it launched as part of Rock Health’s first batch of startups back in the fall of 2011. Thanks to the fact that Diabetes has become one of the most widespread diseases in the U.S. — the CDC estimates that one-in-three American adults have prediabetes — the startup set out to harness a new generation of research, behavioral science, design and digital tech to help fight what Duffy (and the CDC for that matter) call a growing “national epidemic.”
And today, the startup is adding a new round of capital to its coffers to help it continue the fight against diabetes, announcing this morning that it has raised $4.7 million in series A financing. Omada’s new round was led by U.S. Venture Partners (USVP), with participation from The Vertical Group, Founder Collective, NEA, TriplePoint Capital, Kapor Capital and a handful of angel investors.
Read more: http://techcrunch.com/2013/03/21/omada-health-secures-4-7m-from-usvp-nea-kapor-more-to-roll-out-its-online-diabetes-prevention-program/
Omada Health Secures $4.7M From USVP, NEA, Kapor & More To Roll Out Its Online Diabetes Prevention Program