Livongo Health, a consumer digital health company that is empowering people with chronic diseases to live better has raised $20 million in Series B funding from investors including Kleiner Perkins Caufield & Byers (KPCB), DFJ and previous investor General Catalyst.
The capital will enable the company to further develop its chronic disease management ecosystem and accelerate the adoption of the company’s digital diabetes management program, Livongo for Diabetes, among self-insured employers, healthcare providers and payers. As part of the announcement, Dr. Beth Seidenberg, General Partner at KPCB, and Emily Melton, Partner at DFJ, will be joining Livongo Health’s Board of Directors.
Livongo Health’s approach to diabetes management is guided by three simple principles:
1. people with diabetes want to spend less time on their condition;
2. people who treat diabetes want less data and more, better, real-time information so they can help;
3. payers – including healthcare companies, employers and, increasingly, all of us – want to spend less
It is the first diabetes management program targeted to people with either Type 1 or Type 2 diabetes is completely mobile, digital and personalized to the user. It allows people with diabetes to effectively manage important aspects of their illness on their own. It also allows them to easily keep their family members and care team informed in real-time.
Each Livongo for Diabetes user receives the company’s In Touch® blood glucose smartmeter, a proprietary mobile device that is the first cellular-enabled, two-way interactive blood glucose meter. The device captures a user’s biometric data and uploads it to a cloud-based inference engine where historical data, clinical rules and predictive modeling are used to convert it into useable information and support that is instantly returned back to the person with diabetes.
This data can also be shared with anyone in the user’s family or care team, including a Livongo Certified Diabetes Educator, who can provide real-time feedback and assistance via push notification, text, email or phone. The Livongo program offers unlimited test strips at no extra charge and removes daily hassles like hand-written logbooks, having to connect a traditional glucose meter to a computer with a cable and re-ordering supplies.
Since launching Livongo Health in September 2014, the company has received strong interest in the program and has signed agreements for employees of self-insured employers such as Office Depot, Iron Mountain and multiple Fortune 100 companies. Livongo Health also has agreements in place with large healthcare providers such as Mission Health System and HealthCare Partners, as well as some of the country’s largest payers. The company recently completed a multi-year strategic agreement with Cerner, one of the leading health information technology companies, for integration and distribution to its client base.
To date, the company has raised a total of $30M in funding.
