Livongo Raises $52.5M to Expand Chronic Disease Management Platform
Digital health innovator Livongo has secured $52.5 million in a growth funding round led by General Catalyst and Kinnevik, with participation from Microsoft Ventures, EDBI, and American Investment Holdings. This latest investment brings Livongo’s total funding to $142 million since its 2014 launch.
Revolutionizing Chronic Condition Management
Livongo combines AI-driven technology with personalized coaching to help individuals manage chronic diseases like diabetes. Their flagship product includes:
- A connected glucose meter that automatically uploads readings to the cloud
- Real-time data analytics and insights
- Personalized health coaching via mobile app
The platform serves both individual users and enterprise clients (employers and health plans) seeking to reduce healthcare costs through better chronic disease management.
Strategic Growth Plans
CEO Glen Tullman outlined three key priorities for the new funding:
- Enhance existing diabetes management tools
- Expand into additional chronic conditions (including hypertension)
- Launch international expansion later in 2017
“We’re focused on empowering members to live healthier lives, not just manage conditions,” Tullman emphasized. “This means addressing health comprehensively while improving outcomes and lowering costs.”
Digital Health Investment Boom
Livongo’s funding comes amid strong investor interest in digital health solutions:
- Accolade raised $93.6M (August 2016) for employer healthcare cost reduction
- Vida Health secured $18M (December 2016) for chronic disease coaching
- Biomatics Capital Partners launched a $200M fund (March 2017) for health tech startups
“Livongo is one of our fastest-growing portfolio companies,” noted Hemant Taneja, Managing Director at General Catalyst. “We’re excited to support their market leadership expansion.”
Livongo’s connected health devices provide real-time monitoring and insights
With chronic diseases affecting 45% of Americans (CDC data), Livongo’s tech-enabled approach positions it at the forefront of a growing $46 billion digital health market.
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