Dacadoo, a Switzerland-based digital health technology provider backed by electronics manufacturer Samsung and e-commerce firm Rakuten, has closed a series C round that increased its overall funding to CHF70m ($71m).
The company has not revealed the size of its latest round nor the identity of any of the participants. It is also yet to disclose the size of any of its earlier rounds.
Founded in 2010, Dacadoo has built a mobile-focused health engagement platform available in 13 languages that lets users track their health in detail.
The product also uses behavioural science and artificial intelligence to promote healthy behaviour through tools like online gaming, social networks and automated coaching. It can be used on its own or integrated into offerings by insurance firms, health services providers or employers.
Peter Ohnemus, Dacadoo’s founder and CEO, said: “Dacadoo has gone through a high-growth phase in 2019 and is expected to continue on a strong growth path. We therefore arranged additional funding via a C round capital increase and we are very happy to report that we successfully concluded this round.”
The company’s series A funding came from corporate venturing unit Samsung Venture Investment Corp and undisclosed private investors in 2015 while Rakuten invested in July 2017 through its Rakuten Capital vehicle.
