One Drop Raises $8M Series A Led by RRE Ventures

Diabetes TXT

New Funding Enables Continued Expansion of Data-Driven Diabetes Management Platform

One Drop from Informed Data Systems Inc., a digital consumer health company focusing on revolutionizing diabetes care, today announced it has closed an $8 million Series A led by RRE Ventures. The funding will enable the company to continue expansion on the development of its One Drop diabetes management software, hardware, and services platform to accelerate adoption of One Drop among users, self-insured employers, and insurers.

Stuart Ellman, Managing Partner at RRE Ventures, will join Informed Data System’s Board of Directors with additional investors participating including: BoxGroup, LAUNCH Fund, Capital Factory, and Neu Ventures. The One Drop team is made up of veteran digital transformers, designers, technologists and data scientists, who are passionate about empowering people to live healthier lives through democratized data, and a user-centric design approach to integrated software, hardware and services.

“The future of healthcare is going to be driven by mobile computing, connected devices and new ways of changing behavior through the use of data,” says Stuart Ellman, Managing Partner of RRE Ventures. “It’s our strong belief that One Drop as a platform, and Jeff Dachis as an entrepreneur, are going to have a tremendous impact on people living their lives with diabetes.”

As One Drop grows, it is pioneering the way diabetes is managed by focusing on digital mobile solutions that drive behavioral change through empowerment, mindfulness and motivation. The platform empowers people to make better choices, achieve meaningful improvements in managing care complexity, and drive significant reductions in the cost of care management over time.

Diabetes directly affects nearly 10% of the US population — approximately 30 million people (CDC). Include people with pre-diabetes and the disease impacts nearly 100 million people — or 1 in 3 Americans today, and nearly 500 million people worldwide. In reality, diabetes affects us all. It is the most expensive healthcare problem we have as a society today with $750 billion spent annually on diabetes, pre-diabetes, and diabetes related complications, dramatically affecting taxpayers’ wallets and corporate bottom lines. One Drop believes that alongside traditional medical care, the future of healthcare lies in a revolution empowering people to create lasting change in their behavior by arming them with data-driven insights, a community of likeminded real people in real-time, and a simpler, more convenient, and less expensive way to manage diabetes.

“Diabetes is a data-driven disease. Despite incredible advances in mobile computing, big data, and the quantified-self movement, healthcare is one of the last areas to see any benefit from the advances digital technology has provided,” says Jeff Dachis, CEO and Founder of One Drop. “It’s time to change this. We appreciate this vote of confidence from RRE and our other investors, and from thousands of One Drop users worldwide who have opted for a data-driven consumer focused solution that empowers them to make better choices.”

One Drop is the only award-winning consumer diabetes management platform available for people with Type 1, Type 2, pre-diabetes, or diabetes caregivers that enables users to simply and easily log the core behavioral and biometric components of diabetes (Glucose, Food, Insulin, and Physical Activity) in one place, anonymously share that information with a community of similar people, and deliver actionable data-driven insights to everyone on the platform.