Zurich, Switzerland-based dacadoo has completed its Series A capital increase with investments from Samsung Ventures, and several private investors from Europe and the U.S. The new capital will primarily be used to fund the next stage of growth of the company.
dacadoo's online and mobile health engagement solution enables individuals to track, manage and benchmark their health and wellbeing in an easy and fun way on their smartphones. It features the patented dacadoo Health Score, which is scientifically calculated number from 1 (low) to 1,000 (high), and works as a real-time indicator that moves up or down depending on how body values, emotional wellbeing and activities change. The result enables individuals to track their health and well-being in an easy way on their smartphones or the web, using gamification and collaborative features as well as personalized feedback to engage its users to remain active.
"I am very happy to conclude this important round and welcome our new shareholders with such respected partners such as Samsung Venture Investment Corp, who are well connected in this emerging mobile health industry" commented Peter Ohnemus, founder and CEO of dacadoo.
The company is working with strategic partners from the various key industry segments to bring this solution to the global mobile health market.