Omada Health Raises $48M in Series C Funding
Summary
and Andreessen Horowitz, and new investors GE Ventures and dRx Capital.The company intends to use the funds to expand clinical research and publishing schedule, and drive continuous improvement and enhancement of Prevent, the company’s flagship program.Led by CEO and co-founder Sean Duffy, Omada Health provides Prevent, a digitally-based lifestyle intervention that allows individuals to reduce their risk for obesity-related chronic diseases such as diabetes and heart disease.The program combines technology like a wireless scale pre-synced to a participant’s account, a proprietary health-related curriculum, on-demand access to a personal health coach, and a online peer network for support.The company works with employer and health plan customers to provide evidence-based behavioral interventions for those at risk for heart disease, diabetes, and other chronic conditions.