Ltd has raised $15 million in a funding round led by global healthcare-focused fund HBM Healthcare Investments AG, to launch predictive healthcare and corporate wellness products. HBM Healthcare had invested a small amount in 1mg soon after it closed a $16-million round led by Maverick in May last year and it has joined as lead investor in this round, 1mg co-founder and chief executive Prashant Tandon said. The new round takes the total capital raised by 1mg upwards of $36 million, with Maverick and Sequoia as the largest shareholders. “We are planning to get into predictive and personalized healthcare,” Tandon said in a telephone interview. About one-third, or $5.5 million, from about $16 million raised from Sequoia, Maverick and Omidyar was invested in 1mg, known as HealthkartPlus at that time, Tandon said.

Source: Mint July 26, 2017 19:07 UTC