MySugr takes in $4.8 million in new funding to further its health-tech initiative

MySugrAustrian startup MySugr has announced that they have hauled in $4.8 million in new funding from new investors Roche Ventures and iSeed Ventures, as well as current backer XLHealth, which provided them with an undisclosed amount of funding in early 2014. According to MySugr, this latest round will be used to continue the health tech company’s international growth.

MySugr launched back in 2012 with the goal of helping people who have diabetes by providing a complete toolkit for coping with this disease. MySugr offers its users articles and videos with tips on the best ways of dealing with their condition, as well as a tool for recording their data.

The company has embraced the mobile sphere since it launched, rolling out apps for a logbook (iOS, Android, and web), an Austria-exclusive data-importer (iOS only, but coming to Android), analysis (web only, but coming to iOS and Android), quizzes (iOS only, but coming to Android), and for kids (iOS and Android). Since it launched, the platform has attracted more than 200,000 users from the United States and Europe.

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