Livongo Health, a healthcare startup founded by Chicago entrepreneur Glen Tullman, just named a Chicago tech veteran as its CFO.
Livongo announced Friday that it has appointed Lee Shapiro as its next chief financial officer. Shapiro, who has been on Livongo's board since the startup's founding in 2014, has been business partners with Tullman for decades. The two worked together as executives at Allscripts and both co-founded of 7wireVentures, a $100 million healthcare-focused VC fund based in Chicago.
Lee will begin the new role in February.
The CFO appointment comes as Livongo has been rumored as a possible IPO candidate in 2019. Livongo, technically based in Mountain View, has a large and expanding office in Chicago. Last April it raised $105 million in funding, bringing its total raised to date to $240 million. Last year it also acquired Chicago startup Retrofit, whose 80 employees joined the Livongo team.
Livongo makes a blood glucose monitor and digital dashboard to help people manage diabetes and other chronic health conditions. The startup’s glucose meter connects to the cloud to give people real-time information on their blood sugar, and it sends patient information to doctors and their loved ones.
Last month Livongo announced that Tullman would transition from CEO to executive chairman, and named Zane Burke as its chief executive.
"[Shapiro's] intimate knowledge of Livongo, his close working relationships with the leadership team, and his connections across the industry, including virtually every analyst in the healthcare and technology space, will allow us to rapidly accelerate our business and better serve our members and clients," Burke said in a statement.
