Business
As of Friday afternoon, Dexcom’s stock has fallen 6.3% from about $422 to $395.
The fund plans to target disruptors in the digital health space that focus on making healthcare more accessible, affordable and simple.
Ztartup is part of Dubai SME, which falls under the government’s Department of Economic Development.
Teladoc reports a net loss of $1.31 per share, a total of $199.6 million.
Also: UCM Digital Health closes Series A for company growth, MD Ally raises $3.5M in seed round and Votive Health launches with $2.5M.
The company will use the funds to expand its products and employ more staff in India and the US.
The digital therapeutics company plans to expand its services in the US and Europe.
The integration with the Dubai Health Authority reportedly makes the emirate one of the first cities in the world to implement full digital verification of traveller COVID-19 medical records.
The company collected $9 million in debt financing from SVB and $12 million in equity investments led by Savitr positions, according to its announcement.
The investment will be used to fund further European expansion.