Smart diabetes management service Livongo Health raises $52.5M and looks to new markets
Glen Tullman doesnt like it whensomeone tells him hes sick when hes feeling fine.
Its something he thinks his customers probably dont want to hear, either. Tullman runs a startup called Livongo Health , which offers a blood glucose monitor accompanied with a service designed to intervene and help coach people through managing diabetes. Livongo Health helps with best practices, but is also designed to intervene before things start to get bad. And Tullman hopes that by collecting enough data and applying the right technology, they can create a tool that will be able to figure out the right touch for getting people to manage and care about their chronic conditions.
To do that, Livongo Health has raised an additional $52.5 million in a round led by General Catalyst and Kinnevik. The actual product is a cellular-connected blood sugar monitor, which takes your blood sugar readings and then sends that information to Livongo Healths monitoring services. If the reading falls outside of normal bounds, the company will flag that person and offer some kind of recommendation like drinking a glass of fruit juice, or going for a walk. If it strays too far out of the norm, theyll get a call from a specialist who will walk them through what to do next.
Person using it has to love it, Tullman said. They cant just like it, otherwise they wont use it. We can help them, but only in the moment. Context matters. If I called you up and said, I can be there in 15 minutes to fixa flat tire, youd say why are you bothering me. But if you had a flat youd be like, thats awesome, and you wouldnt Continue reading