Company

The system consists of a non-intrusive Bluetooth-powered device that enables the transfer of blood glucose readings from a glucometer into a smartphone.

The device comes with built-in sensors and could be useful for people who have disorders such as autism and have trouble managing their feelings.

E-health is one of the fund's areas of interest, in addition to big data, communication, connectivity, cloud, payment, IoT and security services.

The technology, still in development, monitors user's brainwaves to detect the early signs of a stroke, and could one day be built into smart glasses.

The company is looking to disrupt the industry with its more personal and immediate health insurance model that is more in tune with the millennial generation.

The company's existing investors include Andreessen Horowitz, BlueRun Ventures, and Innovation Endeavors, according to AngelList.

The company's clinically-based and technology-enabled program is designed to speed up and simplify weight loss, helping user learn to live healthy for life.

The company allows a trainer to connect with a client for a personalized workout on an iPad or TV when the client can't make it to the gym.

The money was provided by Triple Tree Capital Partners in Minnesota, as well as few angel investors and a not-for-profit foundation.

The company plans to expand its sales and marketing efforts, and expand its offerings to more diseases and reach a larger population of patients.