chronic condition management
The financing will be used to execute the company's long-term growth initiatives centered on high-margin, scalable recurring revenues across B2B and pharma channels.
The chronic care management company reported a 47% decrease in revenue in Q4 2023 compared to 2022 and a $7.3 million loss in year-over-year revenue.
The Copenhagen-based digital health company will work with Novartis to build digital health tools for chronic conditions where they see unmet needs and the potential for disease progression.
The addition comes weeks after Omada Health announced a $192 million Series E financing round.
Also: Rupa Health raised $20 million for its lab test platform, and CancerIQ scooped up $14 million in Series B funding.
Lark will use the funds to expand its virtual care integrations and conduct further R&D for its AI platform.
Alongside new support for hypertension and mental health, the company has also introduced Spanish language support to its app and live services.
CEOs Sean Duffy and Dan Rubinstein explain why their businesses just fit and what COVID-19 has to do with it.
A new study conducted by the digital chronic disease management company highlighted engagement behaviors associated with stronger outcomes over 12 months.
Glen Tullman, founder and chairman of Livongo, says his company aggregates and analyzes information to generate insights that could make it easier for individuals to stay healthy.