Tricog Health, a heart-centered healthtech startup, has raised $8.5 million in its Series B2 round from investors including Omron Health Care and Sony Innovation Fund. Returning investors The University of Tokyo Edge Capital, Inventus Partners, and SG Innovate also took part in the round.
The Bengaluru-based startup raised $30 million in total during the Series B2 round. Prior to this, in March 2020, Tricog received $10.5 million in a Series B funding round from Japan’s University of Tokyo Edge Capital.
Tricog intends to use this round of funding to increase both its presence in the US healthcare market and its footprint in Asia and Africa. Additionally, the company will be able to meet the needs of heart patients at home thanks to its strategic partnerships.
The TriCare platform from Tricog is a comprehensive tool for managing chronic diseases. After treatment, it allows for remote management of heart disease using medical information from wearables like the Apple Watch and connected devices at home.
Tricog Health, a company founded in 2015 by Bhograj, Zainul Charbiwala, and Udayan Dasgupta, claims to generate $7 million in annual recurring revenue and has ambitious growth goals for the next 18 months. The company claims that after screening 12 million patients, it has so far found 500,000 serious heart patients.