Total amount raised
$183 Millions
Latest funding date
October, 2021
Location
Twin Health has successfully raised $249 million through multiple funding rounds, including a Series D round. The platform leverages sensors, machine learning, and medical science 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 September 2018, is headquartered in Chennai, Tamil Nadu, India. The company was established by Jahangir Mohammed, Maluk Mohamed, and Terrence Poon.
Specializing in Precision Health, Twin Health leverages sensors, machine learning, and medical science to reverse chronic diseases and enhance metabolic health. Their flagship product, the Whole Body Digital Twin, offers personalized guidance on nutrition, sleep, activity, and breathing.
With a workforce of 501-1000 employees, Twin Health continues to innovate in the healthcare sector, providing tailored treatments based on individual metabolic profiles.
How Much Funding Has Twin Health Raised?
- Series A
- Amount Raised: $18M
- Date: June 2020
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch the Whole Body Digital Twin technology.
- Series B
- Amount Raised: $25.5M
- Date: October 2020
- Lead Investors: Corner Ventures, Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the technology and clinical trials.
- Series C
- Amount Raised: $155M
- Date: October 2021
- Lead Investors: ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance service offerings.
- Series D
- Amount Raised: $50M
- Date: December 2023
- Lead Investors: Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the Whole Body Digital Twin technology and services.
Total Amount Raised: $248.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Temasek Holdings
- Details: Temasek Holdings is a global investment company headquartered in Singapore. It manages a net portfolio of over $300 billion.
- Investment Focus Areas: Financial services, telecommunications, media & technology, transportation & industrials, life sciences & agribusiness, consumer & real estate, energy & resources.
- Notable Investments: Alibaba, Gojek, Moderna.
- ICONIQ Growth
- Details: ICONIQ Growth is a growth equity firm that invests in technology companies. It is known for its strategic investments in high-growth sectors.
- Investment Focus Areas: Technology, growth-stage companies.
- Notable Investments: Snowflake, Datadog, Uber.
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm focused on technology investments. It has a long history of backing successful startups.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Apple, Google, WhatsApp.
- Corner Ventures
- Details: Corner Ventures is a venture capital firm investing in early to growth-stage companies. It focuses on innovative and disruptive technologies.
- Investment Focus Areas: Technology, consumer sectors.
- Notable Investments: Bird, DoorDash, Lime.
- Sofina
- Details: Sofina is a Belgian investment company with a diversified portfolio. It invests in various sectors globally.
- Investment Focus Areas: Consumer goods, digital transformation, education, healthcare.
- Notable Investments: Byju's, Delivery Hero, Vinted.
What's Next for Twin Health?
With the recent $50 million funding, Twin Health is poised to expand its Whole Body Digital Twin™ technology to more health plans and employer partners. This opportunity is vast, given the global prevalence of chronic metabolic diseases, which affect millions worldwide. The technology's potential to improve health outcomes and reduce healthcare costs makes it an attractive proposition for future investors.
As Twin Health scales its operations, additional funding rounds may be on the horizon to support further technological advancements and market expansion. However, the company will need to navigate challenges such as ensuring data privacy, integrating with existing healthcare systems, and maintaining the quality of personalized guidance. The growing focus on personalized medicine and digital health solutions presents both opportunities and hurdles for Twin Health's ambitious journey ahead.
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