Informed Data Systems, a NYC and Austin, TX-based digital consumer health company, raised $8m in Series A funding.
The round was led by RRE Ventures with participation from BoxGroup, LAUNCH Fund, Capital Factory and Neu Ventures. In conjunction with the funding, Stuart Ellman, managing partner at RRE Ventures, will join Informed Data Systems’ board of directors.
The company intends to use the funds to continue expansion on the development of its platform and accelerate adoption among users, self-insured employers, and insurers.
Led by Jeff Dachis, CEO and Founder, Informed Data Systems provides One Drop, a diabetes management software, hardware and services platform. Available for people with Type 1, Type 2, pre-diabetes, or diabetes caregivers, it enables users to log the core behavioral and biometric components of diabetes (Glucose, Food, Insulin, and Physical Activity) in one place, anonymously share that information with a community of similar people, and deliver actionable data-driven insights to everyone on the platform.
It can be downloaded for iOS and Apple Watch.