The funding round, led by RRE Ventures, included BoxGroup, Launch Fund, Capital Factory and Neu Ventures, Informed Data Systems said. RRE managing partner Stuart Ellman is slated to join Informed Data System’s board of directors, the company added.
“The future of healthcare is going to be driven by mobile computing, connected devices and new ways of changing behavior through the use of data. It’s our strong belief that One Drop as a platform, and Jeff Dachis as an entrepreneur, are going to have a tremendous impact on people living their lives with diabetes,” RRE Ventures managing partner Stuart Ellman said in a press release.
One Drop is a diabetes management platform available on Apple (NSDQ:AAPL) iOS devices that allows users to log biometrics relating to diabetes such as glucose intake, physical activity and insulin dosages, Informed Data Systems said. The data is shared anonymously with other users to “deliver actionable data-driven insights to everyone on the platform.”
“Diabetes is a data-driven disease. Despite incredible advances in mobile computing, big data, and the quantified-self movement, healthcare is one of the last areas to see any benefit from the advances digital technology has provided. It’s time to change this. We appreciate this vote of confidence from RRE and our other investors, and from thousands of One Drop users worldwide who have opted for a data-driven consumer focused solution that empowers them to make better choices,” CEO Jeff Dachis said in a prepared statement.
Informed Data Systems is slated to release a One Drop connected glucose meter and supplies subscription service in 2016, the company said.