SA's Biotech Startup LifeQ Bags R647 Million
Summary
South African biotech startup LifeQ has secured $47 million from top investors around the world. “LifeQ has already been integrated into some of the world’s most innovative new wearable products by leading OEMs to bring consumers the healthcare of the future.” LifeQ is rapidly becoming the preferred health enabler and benchmark for the world’s top consumer electronics companies, powering the next wave of digitally enabled insurance and health management, and has already had a significant, life-changing and even life-saving impact on real users’ lives. With 85% of all health costs, today related to chronic diseases, the importance of monitoring and diagnosing as early as possible cannot be overstated. Businesses that have incorporated LifeQ into their offerings include prominent global entities such as Samsung, Xiaomi, Fossil Group, Montblanc, Motorola, Suunto, and HannoverRe. Leading semiconductor manufacturers like Texas Instruments, Qualcomm and Pixart have endorsed LifeQ as the best OEM enabler for users of their chipsets and platforms.
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