Mango Health secured $5.25 million in a Series A round led by Kleiner Perkins Caufield & Byers (KPCB). As part of the deal, KPCB’s General Partner Dr. Beth Seidenberg will join Mango Health’s board of directors.
Mango Health operates an enterprise platform that uses mobile software to engage patients and improve rates of adherence to prescribed treatment regimens.Mango Health operates an enterprise platform that uses mobile software to engage patients and improve rates of adherence to prescribed treatment regimens. Since launching in 2013, the company has established partnerships with some of the largest entities in healthcare including a leading U.S. integrated care delivery system, a national pharmacy benefit manager and a top U.S. health plan. Mango Health also has a consumer product in the form of an iPhone app.
“Spending to treat chronic disease now accounts for 75% of U.S. healthcare expense, yet most disease management programs fail due to an inability to engage patient populations or to reliably communicate with the patient populations enrolled in the programs,” said Jason Oberfest, Co-Founder and CEO of Mango Health. “By focusing on improving medication adherence, we have created immediate value for many stakeholders in U.S. healthcare. At the same time, we have established a platform for long-term patient engagement by building a product that people want to use every day.”
“By focusing on improving medication adherence, we have created immediate value for many stakeholders in U.S. healthcare.” – Jason Oberfest, Co-Founder and CEO of Mango Health.The Series A financing will be used to accelerate key aspects of the business including engineering, content development, product marketing and account management to service existing and future health industry partnerships.
Prior to the Series A round, Mango Health raised seed financing from Floodgate Fund, First Round Capital, Baseline Ventures, Bullpen Capital and individual investors. In 2012 the company participated in the accelerator program at Rock Health, which supports healthcare startups.