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 geared up with a CO2 sensor. Customers breathe into the system, and it analyzes whether or not the physique is burning fat or carbs for gasoline.
Lumen additionally gives an app that collects that knowledge and gives diet suggestions based mostly on outcomes. It additionally integrates with Apple HealthKit, Google Match and Garmin.
The corporate stated it has partnered with analysis establishments like Purdue College’s Whistler Middle for Carbohydrate Analysis, College of Toronto’s College of Kinesiology and Bodily Training and ARU Cambridge over the previous yr.
“Till now, learning metabolism with the usual gear was difficult for each researchers and members. The info assortment was minimal and would require members to come back to a clinic for every measurement and a practitioner to investigate the outcomes,” Merav Mor, chief scientist and cofounder of Lumen, stated in a press release. “Now researchers can simply accumulate a number of knowledge factors from members and construct extra complicated analysis protocols that unveil new physiological findings.”
Lumen stated it plans to make use of the capital to increase its attain within the U.S. and worldwide, add new personalised diet and way of life suggestions and help its analysis partnerships.
MARKET SNAPSHOT
There are a selection of different digital well being firms targeted on dietary steering, weight reduction or metabolic care.
Twin Well being pitches an AI-backed mannequin that goals to supply individualized diet, sleep and exercise pointers to assist individuals stop and reverse metabolic ailments like Kind 2 diabetes. It introduced a $140 million Series C raise in October final yr.
One other firm targeted on metabolic well being and weight reduction, Calibrate, announced a $100 million Series B final yr.
Linked well being tech firm Withings has additionally been increasing into diet suggestions with the acquisition of personalised health and meal planning app 8fit.
