Mocacare, a Palo Alto, CA-based provider of a consumer health monitor, raised $2m in venture capital funding.
The round, which followed a seed funding and Kickstarter campaign that raised over $120k, was led by JDM Mobile Internet Solutions Co., with participation from EMB International and ATOM Health Corporation.
The company, which has raised over $4m in total, intends to use the funds for the domestic and international rollout of the MOCAheart device.
Established in 2013 by Dr. Daniel Wei-Chen Hong (MD), CEO, and Naama Stauber, COO, Mocacare is to launch MOCAheart, a smart device that gives people a way to monitor their cardiovascular health, without the need for cuffs or monitors. The device scans fingertips to measure blood velocity, determines heart rate and blood oxygen levels and gives an indicator of overall cardiovascular health called the MOCA INDEX – a qualitative measurement of blood flow that is correlated to blood pressure.
The company also has an engineering center in Taipei.