Mango Health, a San Francisco, CA-based provider of a mobile health platform, raised a $5.25m in Series A financing.
The round was led by venture capital firm Kleiner Perkins Caufield & Byers (KPCB). In conjunction with the funding, Dr. Beth Seidenberg, a General Partner at KPCB, will join Mango Health’s board of directors.
The company intends to use the funds to accelerate the business including engineering, content development, product marketing and account management.
Led by Jason Oberfest, Co-Founder and CEO, Mango Health operates an enterprise platform that uses mobile software to engage patients and improve rates of adherence to prescribed treatment regimens. Its first consumer product, an iPhone application, has been promoted by Apple on the App Store since May 2013. Launched in 2013, the company partners with leading care providers, health plans, pharmaceutical companies and self insured employers to engage patients, reduce repeat visits, lower costs of care and improve clinical outcomes.
To date, it has established partnerships with a leading U.S. integrated care delivery system, a national pharmacy benefit manager and a top U.S. health plan.
Prior to this Series A round, Mango Health raised seed financing from Floodgate Fund, First Round Capital, Baseline Ventures, Bullpen Capital and individual investors. In 2012 the company participated in the accelerator program at Rock Health.
FinSMEs
21/05/2014