Digital health company dacadoo has completed Series B round of financing from several European private investors. The company hasn’t unveiled the amount of money raised, though.
Zurich, Switzerland-based dacadoo develops and operates online- and mobile-based health engagement solution with its patented dacadoo Health Score, enabling individuals to track their health and well-being in an easy and fun way on their smartphones or the web. The platform relies on gamification and social features as well as personalized feedback to engage users to remain active.
The financing will primarily be used to fund the commercial expansion of dacadoo in the next development stage of the company.
“The traction in this young and fast-growing market is increasing significantly and I am therefore thrilled that we were able to conclude our B-round capital increase and thereby secure our funding for the geographical and commercial expansion, as well as for the trust and commitment that our new investors are demonstrating,” said Peter Ohnemus, founder and CEO of dacadoo.
dacadoo’s previous round (Series A) was raised in April 2015 from Samsung Ventures and several private investors from Europe and USA.