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.

A new study conducted by the digital chronic disease management company highlighted engagement behaviors associated with stronger outcomes over 12 months.

After their recent collaboration with Grab in August to ensure that medication is delivered within 90 minutes once the teleconsultation session is complete, Singapore-based digital health startup WhiteCoat announced earlier this week that they are partnering with Homage, an on-demand home caregiving services platform to launch a pilot telehealth programme that complements home-based care.

The company hopes the well-known consumer brand will make its program more accessible.