Breathe Well-being Raises $5.5M In Series A Funding Round
Digital therapeutics startup Breathe Well-being has raised $5.5 million in a Series A round of funding led by Accel Partners. The funding round also saw participation from General Catalyst and Scott Shleifer, Global MD, Tiger Global.
As per the startup, the raised amount will be used for product development and team expansion. Also, the funding witnessed the exit of angel investors where they saw 30x returns along with an ESOP plan for the employees.
Breathe Well-being | Helping People Move Towards A Healthy Life
Founded by Rohan Verma and Aditya Kaicker, Breathe Well-being is a Gurugram-based digital therapeutics startup focused on Type 2 diabetes. The startup helps people prevent, manage or reverse Type 2 Diabetes through its clinically proven digital program.
The digital therapeutics startup also helps organisations increase employee engagement, productivity, retention and decrease healthcare costs. In June 2021, Breathe Well-being raised $1 million in pre-Series A round led by VC firm 3one4 Capital.
Speaking on the funding round, Rohan Verma, Co-founder & CEO of Breathe Well-being, said,
“Our mission is to help one million Indians reverse Type 2 Diabetes by 2025. We are focusing on enhancing patient experience by scaling our technology platform, strengthening medical & coaching academy, community protocols and game design.”
According to the founders, reversing chronic conditions like diabetes requires personalised lifestyle changes across diet, fitness, and mental wellness. For the same, the startup offers Online Diabetes Reversal Programme.
The startup claimed that over 95% of its patients showed HbA1c level reduction of more than 10% and more than 90% of patients with completely stopped or reduced medications.
Breathe Well-being, in the long-term, wants to extend its digital therapeutic offerings to other chronic conditions, such as gut disorders, hypertension, PCOS, etc.
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