One Drop raises $8M Series A to expand its diabetes management platform

OneDrop mobile app

Informed Data System’s One Drop has closed an $8 million Series A round led by RRE Ventures, with participation from BoxGroup, LAUNCH Fund, Capital Factory, and Neu Ventures. As part of the deal, Stuart Ellman, Managing Partner at RRE Ventures, will join the company’s Board of Directors.

The fresh capital will help One Drop keep developing its diabetes management software, hardware, and services platform to accelerate adoption of One Drop among users, self-insured employers, and insurers.

One Drop’s platform enables users to 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. It [the platform] is available for people with Type 1, Type 2, pre-diabetes, or diabetes caregivers.

One Drop’s platform enables users to easily log the core behavioral and biometric components of diabetes in one place.“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.”

According to the CDC figures, diabetes directly affects nearly 10% of the US population, or approximately 30 million people. 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.