BioCoach, a diagnostic testing service, announced Wednesday it raised $4 million in seed funding.
The funds from Minneapolis-based SecretLab LLC value the company at $100 million. BioCoach said the money will go towards scaling its new digital health platform.
Minneapolis-based BioCoach has received FDA 510(k) clearance for its glucose- and ketone-monitoring system.
The company's at-home health-management system works by pairing subscribers with an app and coach along with a bluetooth glucose monitor. The coach then gives them a grocery list they can order directly through the app in a partnership with Walmart.
“Healthcare in America is broken,” said BioCoach CEO Matt Payne in a statement. “The pandemic highlighted that for too many people in America the cards are stacked against them. If Big Food, Big Pharma and Big Healthcare are the empire, BioCoach is arming the rebels.”
