Healthy.io has announced it has secured a £50 million Series C funding round led by Corner Ventures with participation by Joy Capital and previous investors Ansonia Holdings, Aleph, and Samsung NEXT.
The funding round will be used to accelerate Healthy.io’s global expansion and product development. Additionally, the company announced that longtime leader in health care innovation, former executive vice president of Aetna Gary Loveman, Ph.D. will join its Board of Directors.
“The smartphone has the potential to be the great equaliser of healthcare,” said Yonatan Adiri, founder and CEO of Healthy.io.
“To unlock this potential, companies must adhere to the highest clinical standards. Our second FDA clearance and additional funding allows us to expand access to critical tests and care beyond our first 100,000 patients in Europe and Israel, making it a reality for millions of Americans suffering from diabetes and hypertension, who are at risk for chronic kidney disease.
“Today’s health system doesn’t make it easy for patients to get the care they need. Healthy.io is tackling this problem by meeting patients where they are, on their smartphones, and turning smartphone cameras into a clinical-grade medical device,” said Michael Eisenberg, general partner at Aleph.
“We are proud to support a company that can meet the highest FDA standards, while creating products that make life easier and more convenient for patients.”
Healthy.io will use the funding to support its product development. The company recently announced a partnership with Boots UK and announced a new pharmacy evaluation with the NHS in England.