Urinalysis technology provider Healthy.io has acquired US-based peer Inui Health in a $9m transaction allowing internet group Tencent and diversified conglomerate Fosun to exit.
Formerly known as Scanadu, Inui initially focused on development of a handheld device intended to measure a variety of health indicators, but pivoted to concentrate on a mobile device-based at-home urine analysis system.
Israel-headquartered Healthy.io has received regulatory approval in the US for its own urine assessment system and has served more than 150,000 customers across the world. It will integrate the intellectual property of Inui, which had raised approximately $50m in funding, into its own.
Inui most recently secured $35m in a 2015 series B round co-led by Fosun and Tencent and backed by China Broadband Capital, iGlobe Partners, Three Leaf Ventures, Redmile Group and existing investors AME Cloud Ventures and Relay Ventures. Its earlier investors also included VegasTechFund.
