BodyMedia, Inc., a Pittsburgh, PA-based developer of wearable body monitors, has closed a $12m funding round.
The round was led by Comcast Ventures, with participation from existing investors Draper Fisher Jurvetson ePlanet, Draper Triangle Ventures, Ascension Health Ventures and InCube Ventures.
The company intends to use the capital to expand into new mobile health markets such as diabetes management, sleep disorders, and remote elder care and safety, develop new products and applications, and extend its 70-patent IP portfolio.
Led by CEO Christine Robins, BodyMedia develops body sensing technology used to gather and analyze physiological and lifestyle information. Its flagship armband systems track calories burned, physical activity levels and sleep patterns, collecting 5,000 data points per minute. Companion software helps wearers use this information to make decisions that impact health outcomes. BodyMedia armbands are integrated into programs like the Jillian Michaels 360 Weight Loss Navigator, utilized by companies such as Jenny Craig, and available through various retail and online outlets.
In conjunction with the funding, Michael Yang, Managing Director, Comcast Ventures, is joining BodyMedia’s board alongside John Miclot, President and CEO of clinical-stage biotechnology company Tengion and former chief executive of sleep and respiratory care medical supply company Respironics (now Philips Respironics), and Linda Hall Keller, who has served in executive positions at UnitedHealth Group and MinuteClinic.