Twin Health has successfully raised $183 million over three funding rounds, with the latest being a Series C round in October 2021. The company leverages IoT sensors and machine learning to reverse chronic diseases and improve metabolic health.
Keep reading to explore the intricacies of Twin Health's fundraising journey and the investors backing this innovative platform.
What Is Twin Health?
Twin Health, founded in 2018, is a Precision Health platform that leverages IoT sensors, machine learning, and medical science to reverse chronic diseases and improve metabolic health. The company is headquartered in Mountain View and Chennai.
Co-founded by Terry Poon, Twin Health has developed the Whole Body Digital Twin™ technology, which analyzes biosignals to recommend personalized treatments. This innovative approach focuses on conditions like diabetes and aims to enhance overall metabolic health.
With a team of 201-500 employees, Twin Health is rapidly expanding its operations and continues to attract significant investment from top-tier investors. The company is dedicated to transforming healthcare through cutting-edge technology and personalized care.
How Much Funding Has Twin Health Raised?
- Series A
- Amount Raised: $18,000,000
- Date: June 2020
- Lead Investors: Sequoia Capital
- Motivation Behind the Round: To optimize product development and market fit.
- Series B
- Amount Raised: $25,000,000
- Date: October 2020
- Lead Investors: Sequoia Capital, DAG Ventures
- Motivation Behind the Round: To scale operations and expand market reach.
- Series C
- Amount Raised: $140,000,000
- Date: October 2021
- Lead Investors: ICONIQ Growth, Sequoia Capital India, Perceptive Advisors, Corner Ventures, LTS Investments, Helena, Sofina
- Motivation Behind the Round: To scale the Whole Body Digital Twin™ service globally.
Total Amount Raised: $183 million. Current Valuation: Not specified.
Key Investors
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm founded in 1972. It has a long history of investing in early-stage companies that have grown into industry leaders.
- Investment Focus Areas: Technology, healthcare, consumer, financial services
- Notable Investments: Apple, Google, Oracle
- ICONIQ Growth
- Details: ICONIQ Growth is a global multi-family office and venture capital firm. It focuses on partnering with visionary entrepreneurs to build enduring businesses.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: Snowflake, Datadog, Uber
- Perceptive Advisors
- Details: Perceptive Advisors is an investment management firm specializing in the healthcare sector. It was founded in 1999 and focuses on life sciences and biotechnology.
- Investment Focus Areas: Healthcare, biotechnology, life sciences
- Notable Investments: CRISPR Therapeutics, Moderna, BioNTech
- Corner Ventures
- Details: Corner Ventures is a venture capital firm that invests in early to growth-stage technology companies. It aims to support innovative startups with high growth potential.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Bird, DoorDash, Lime
- LTS Investments
- Details: LTS Investments is a private investment firm. It focuses on long-term investments in various sectors, including technology and healthcare.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Not publicly disclosed
What's Next for Twin Health?
As Twin Health looks to the future, the opportunities are vast. The company aims to scale its Whole Body Digital Twin™ service both in the U.S. and globally, tapping into a market where 415 million people live with diabetes. By partnering with employer benefits programs and health insurance plans, Twin Health can significantly expand its reach and impact.
Future fundraising rounds are likely as the company continues to grow. Attracting strategic investors interested in healthcare technology and chronic disease management will be crucial. However, challenges such as ensuring the accuracy of their technology and navigating regulatory requirements in different countries remain.
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