Cigna leads Omada Health’s latest $50M investment round13-Jun-2017
A recent article in Med City News on Omada Health investment:
Omada, which has a built a digital platform to prevent prediabetics from becoming full-blown Type 2 diabetes patients, announced Wednesday that Cigna led its $50 million round that also attracted two new investors: Civilization Ventures and Sanofi Genzyme BioVentures.
Cigna is doing more than just investing in Omada. It is also expanding its commercial partnership with the San Francisco-based company such that the behavioral health technology will be made available to Cigna customers with prediabetes, as well as those at higher risk of chronic conditions such as heart disease and hypertension.
Omada Health has won traction in the marketplace, including with the likes of Intermountain Healthcare because it has shown clinical validation of its digital behavioral health technology. It also is able to integrate wellness coaches or diabetes prevention coaches with social networking into its digital health app as well as incorporate data from physical activity trackers and the Bluetooth weighing scale.