Digital therapeutics company Fitterfly reportedly amassed USD 3.1 million in a Pre-Series A round led by Fireside Ventures. The funding round also saw participation from Venture Catalysts, 9Unicorns, and a few angel investors from Singapore, the U.S., and India, with Kanwaljit Singh, the Managing Partner at Fireside Ventures, joining as a board member.
Sources close to the matter said that the company will deliver improved patient outcomes at scale and expand the reach by raising awareness through this funding.
Anuj Golencha, Co-founder of 9Unicorns, reportedly said that they were looking for a firm like Fitterfly, whose emphasis is on enabling DTx (digital therapeutics) and healthcare for patients with chronic diseases.
Dr. Arbinder Singal, CEO & Co-founder at Fitterfly, mentioned that they aim to use technology and remote care to help millions of Indians avoid, reverse, or treat diseases. Fireside's customer focus and branding expertise will aid them in developing a great brand in the healthcare industry, he added.
Kanwaljit expressed that they at Fireside believe that platforms, brands, and businesses that address and serve customer well-being, holistic living, and health requirements and concerns have gained greater recognition in the post-pandemic period. He further added that the digital therapeutics segment serves as a major growth opportunity for them.
Knowledgeable sources cited that Fitterfly's digital therapeutics (DTx) programs for pregnancy, diabetes, PCOS, and obesity are clinically validated and personalized to deliver favorable health outcomes. Senior physicians, fitness experts, nutritionists, psychologists, management experts, and technologists make up the 140+ strong team dedicated to ensuring a healthy future for society.
Fitterfly DTx programs adds to a doctor's medical therapy by providing 360-degree advice on diet, exercise, sleep, stress, and other factors that influence health outcomes. Their services have been subscribed to by over 10,000 individuals.
Previously, Fitterfly amassed USD 1 million from HNIs, friends, and family through a seed round in June 2019, cited credible sources.
Source Credit –
https://yourstory.com/2021/04/healthtech-startup-fitterfly-funding-fireside-ventures