Twine Health, a Cambridge, MA-based health coaching platform startup and a spinoff of the MIT Media Lab, raised $1.5m in Series A1 funding.
The round was led by Qiming Venture Partners USA. In conjunction with the funding, Qiming Venture Partners USA Managing Partner Mark McDade joined Twine Health’s board of directors.
The company, which has received $8.3m in venture funding to date including investment from Khosla Ventures, Provenance Venture Partners, and Neoteny Labs, intends to use the funds to accelerate further development of its AI-powered health coaching platform, continue its market expansion in the US, and early international sales, including in China.
Led by John Moore, CEO and co-founder, and Frank Moss, co-founder and chairman, Twine Health provides a SaaS platform which combines a self-management app for employees to use in the context of their daily lives, and a centralized console enabling coaches to deliver personalized services.
The platform covers all major chronic conditions for employees with comorbidities. It also encompasses the entire spectrum of care – diet, exercise, medication adherence and more – required to control these conditions in the long run.
It is used by 56 workplace health providers and healthcare delivery systems, such as Activate Healthcare and St. Luke’s Health Partners.