Lumen scores $62M for handheld metabolism measurement device
Lumen, maker of a handheld rate of metabolism measurement device, declared Thursday it experienced scooped up $62 million in Series B funding.
The spherical was led by Pitango Enterprise Funds with participation from Hanwha Team, Resolute Ventures, RiverPark Ventures, Unorthodox Ventures, Almeda Capital and Disruptive VC.
The company earlier raised $8.5 million in 2019 as properly as a crowdfunding increase in 2018.
WHAT THEY DO
The startup gives a handheld, breathalyzer-like unit geared up with a CO2 sensor. Buyers breathe into the unit, and it analyzes no matter whether the system is burning fat or carbs for gasoline.
Lumen also gives an app that collects that info and gives nutrition suggestions centered on final results. It also integrates with Apple HealthKit, Google Fit and Garmin.
The enterprise said it has partnered with investigation institutions like Purdue University’s Whistler Middle for Carbohydrate Analysis, College of Toronto’s College of Kinesiology and Bodily Training and ARU Cambridge over the previous calendar year.
“Right up until now, studying rate of metabolism with the normal products was demanding for each scientists and contributors. The knowledge selection was minimal and would demand individuals to occur to a clinic for each and every measurement and a practitioner to review the effects,” Merav Mor, main scientist and cofounder of Lumen, stated in a assertion. “Now researchers can effortlessly collect numerous info details from participants and establish far more complicated analysis protocols that unveil new physiological findings.”
Lumen said it ideas to use the money to extend its get to in the U.S. and around the world, add new individualized diet and life style tips and aid its analysis partnerships.
Industry SNAPSHOT
There are a quantity of other electronic wellness providers targeted on nutritional steering, bodyweight decline or metabolic care.
Twin Wellbeing pitches an AI-backed product that aims to supply individualized nourishment, rest and activity suggestions to aid folks reduce and reverse metabolic conditions like Style 2 diabetic issues. It announced a $140 million Series C increase in October very last calendar year.
A further business concentrated on metabolic wellness and weight loss, Calibrate, announced a $100 million Collection B final 12 months.
Connected overall health tech company Withings has also been expanding into nourishment suggestions with the acquisition of customized exercise and food planning app 8fit.