Ciba Health, a telemedicine startup providing digital therapeutics and treatment for diabetes reversal programs, received equity funding from Third Culture Capital (3CC), a seed-stage venture capital firm, and Plug & Play Ventures.
With new funds, the startup plans to accelerate its growth and launch its telemedicine app for diabetes patients.
As part of the funding, 3CC founder and managing partner Julien L. Pham will join Ciba Health’s board of directors. “We like that Ciba Health’s holistic health approach and multidisciplinary care don’t just identify and manage chronic disease symptoms but aim to reverse them. This is true care delivery and if successful, could have a tremendous positive global impact. We are optimistic that Dr. Clement and his team will gather even greater interest and business engagement for Ciba Health after this financing round,” Pham said.
Commenting on the funding news, Ciba Health Founder and CEO Dr. Innocent Clement said: “We have reached a critical point in Ciba Health’s growth as we prepare to scale and improve our technology stack, further extending accessibility and flexibility for our users.”
“The past few years have shown us that there is still work to be done for the chronic condition management industry to improve the lives of patients globally. While Ciba Health has been fortunate to have positively impacted thousands of lives through our targeted programs, we look forward to changing even more lives for the better in the future,” added Innocent Clement.
Telemedicine companies providing virtual diabetes care have raised close to $4 billion in funding to date, according to our funding database. More recently, Novi Health, a provider of virtual dietary, lifestyle, and weight loss coaching programs for diabetes patients through a companion app – raised $5 million in Series A funding led by Monk’s Hill Ventures. In another deal, 9am.health, a provider of on-demand expert medical support for your prediabetes, diabetes, high blood pressure, and high cholesterol—and affordable prescriptions delivery services, raised $16 million in Series A funding led by 7wireVentures and Human Capital with participation from StartUp Health, Leaps by Bayer, Define Ventures, and Founders Fund.