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Lumen, maker of a handheld metabolism measurement system, introduced Thursday it had scooped up $62 million in Collection B funding.
The spherical was led by Pitango Enterprise Capital with participation from Hanwha Group, Resolute Ventures, RiverPark Ventures, Unorthodox Ventures, Almeda Capital and Disruptive VC.
The corporate beforehand raised $8.5 million in 2019 in addition to a crowdfunding raise in 2018.
WHAT THEY DO
The startup affords a handheld, breathalyzer-like system outfitted with a CO2 sensor. Customers breathe into the system, and it analyzes whether or not the physique is burning fat or carbs for gas.
Lumen additionally supplies an app that collects that knowledge and supplies vitamin suggestions based mostly on outcomes. It additionally integrates with Apple HealthKit, Google Match and Garmin.
The corporate mentioned it has partnered with analysis establishments like Purdue College’s Whistler Middle for Carbohydrate Analysis, College of Toronto’s School of Kinesiology and Bodily Schooling and ARU Cambridge over the previous 12 months.
“Till now, learning metabolism with the usual tools was difficult for each researchers and contributors. The information assortment was minimal and would require contributors to come back to a clinic for every measurement and a practitioner to investigate the outcomes,” Merav Mor, chief scientist and cofounder of Lumen, mentioned in an announcement. “Now researchers can simply gather a number of knowledge factors from contributors and construct extra advanced analysis protocols that unveil new physiological findings.”
Lumen mentioned it plans to make use of the capital to develop its attain within the U.S. and worldwide, add new personalised vitamin and life-style suggestions and help its analysis partnerships.
MARKET SNAPSHOT
There are a variety of different digital well being corporations centered on dietary steerage, weight reduction or metabolic care.
Twin Well being pitches an AI-backed mannequin that goals to supply individualized vitamin, sleep and exercise pointers to assist individuals forestall and reverse metabolic illnesses like Kind 2 diabetes. It introduced a $140 million Series C raise in October final 12 months.
One other firm centered on metabolic well being and weight reduction, Calibrate, announced a $100 million Series B final 12 months.
Related well being tech firm Withings has additionally been increasing into vitamin suggestions with the acquisition of personalised health and meal planning app 8fit.
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