According to Asthmapolis, the company has raised $5 million in Series A financing from The Social+Capital Partnership (“Social Capital”) that it will use to “deliver new innovations and services for its comprehensive solution of sensors, leading mobile technology and personalized support, extending its reach to the more than 50 million people living with chronic respiratory disease in the United States today.”
Asthmapolis’s inhaler usage data tracking system combines snap-on sensors and smart phone apps. The company recently won a Bluetooth Breakthrough Award for innovative use of Bluetooth wireless technology.
Company co-founder and CEO David Van Sickle commented, “Asthma alone is a $50 billion problem in the United States. We look forward to accelerating our commercial efforts to improve asthma control and produce sizable economic savings.”
Co-founder and President Mark Gehring added, “To date we’ve helped our users achieve an extra 20,000 asthma-free days. Each day they feel better is also a day they don’t end up in the emergency department, which means reduced costs for our payer and health system customers.”
Read the Asthmapolis press release.
