Copenhagen Base Digital Health Company Dawn Health, which specializes in chronic disease management, is an existing investor Chr. We have secured $103 million (11.5 million euros) from this. Augusnus Fabricker, Denmark (EIFO) and Trifolk export and investment fund.
What it does
Dawn Health’s platform and products are used in rare pediatric conditions such as oncology and multiple sclerosis and growth disorders to help Pharma companies, patients and health professionals improve outcomes and patient care by leveraging AI, data, evidence, clinical integration, personal belongings and connected health.
Merck and Novartis are one of the companies that adopted the Dawn offering.
The company will use this fund to sell its platform and product suites to global pharmaceutical companies through the Service as Software (SAAS) model.
“Our ambition is to become a global leader in digital health, empower Pharma’s next-generation products, and ultimately improve the lives of patients around the world,” said Alexander Mandix Hansen, CEO of Dawn Health, in a statement.
“This funding will bring proven platforms to more markets and deepen the impact.”
Market Snapshot
In 2023, Dawn Health partnered Novartis develops a chronic condition management platform.
Under the collaboration, Dawn and Novartis have built remote monitoring and management tools for chronic diseases with unmet needs and concerns regarding the progression of diseases such as multiple sclerosis, hypertension, cardiovascular disease, and breast cancer.
The platform includes patient mobile apps, symptom monitoring, digital biomarkers, clinical decision support services, and virtual clinic products targeting specific diseases and conditions.
Other companies in the space of chronic conditions include In 2023, it secured $20 million in Series B funding.
The round was led SignalFire is with participation from former Evolent Health CEO Frank Williams and former investors The Social Entrepreneurs’ Fund, CD Venture, Yabeo and NYC Partnership Fund.
2022, Omada Health included behavioral health support in existing programs for diabetes prevention and management, hypertension, and musculoskeletal care.
Behavioral health integration includes resources to assess anxiety and depression, social determinants of health, stress management, and sleep tools. We provide mental health professionals and care teams that complement training, triage and guidance in serious mental health crisis.
That same year, the company raised a $192 million in Series E funding, which previously invested in new recruiting, technology roadmap for care personalization, and Omada’s Insights Lab.
Fidelity Management & Research Company Leading Red, he led the rounds, including participation from Angon, Perceptual Advisor, Wellington Management, and Civilization Ventures.
