Recently established mobile health company MocaCare said today they raised $2 million in a Series A round for its Mocaheart handheld consumer health monitor.
Leading the round of financing was JDM Mobile Internet Solutions, joined by EBM International and ATOM health corp.
The round follows a seed-funding Kickstarter campaign that brought in $120,000 for early development of the monitor, the Palo Alto, Calif.-based company said.
“The capital and strategic resources provided by the investment partnerships will take the Mocaheart device to a whole new level. We have seen extremely strong interest in Mocaheart from the investment and medical community and look forward to bringing it to consumer audiences,” co-founders Dr. Daniel Wei-Chen Hong said in a press release.
Funding is slated to support the domestic and international launch of the company’s device, which is scheduled to begin shipping next month.
The device is designed to scan fingertips to measure multiple metrics, including heart rate, blood oxygen level and blood velocity, according to MocaCare.
“$47.5 billion is spent annually on costs associated with high blood pressure, affecting 67 million American adults. There is an opportunity around the world to simplify the monitoring of cardiovascular health and we’re excited to invest in MocaCare that is well placed to power this resource to consumers and medical professionals,” EMB International’s Steve Huang said in prepared remarks.