Sweetch Secures $20 Million Series A to Accelerate Fully Automated Hyper-personalized Engagement Between Health Ecosystem Players and People with Chronic Conditions

TEL AVIV, Israel, July 19, 2021 /PRNewswire/ -- Sweetch, a digital therapeutics innovator and creator of the hyper-personalized engagement platform for chronic conditions, today announced the completion of a $20 million Series A round of funding. The funds will be directed toward the company's continued global expansion and further development of its artificial intelligence (AI) and emotional intelligence (EI) behavioral science technology that engages individuals to achieve their health goals with the right message in the right tone, time and real-world context.

The Series A was led by Entrée Capital. It was joined by Tal Capital, Netherlands-based impact investor Noaber, Brazil-based Kortex Ventures, and Insurtech VC FinTLV Ventures, as well as existing investors Philips, OurCrowd and Qure Ventures.

"90 percent of healthcare costs in the US are attributable to chronic diseases, which afflict 50 percent of the population. We need a scalable solution to provide better care at lower costs. This seemingly contradictory statement can be achieved through technology like Sweetch," said Dr. Doron Dinstein, Venture Partner at Entrée Capital. "Sweetch's digital therapeutic platform provides sustainable behavior changes and has been shown to significantly impact people's lives. We see the company radically improving the economics of healthcare."

The Sweetch mobile intervention program is being used around the world as an effective method for achieving sustainable engagement and improved clinical outcomes across various dimensions of chronic disease management. In a clinical trial conducted at Johns Hopkins University's Division of Endocrinology, Diabetes and Metabolism, Sweetch's fully automated intervention achieved 86 percent retention and significantly improved clinical outcomes for patients with early-stage diabetes, including lowering HbA1c levels, a diabetes biomarker for blood sugar.

Sweetch provides a hyper-personalized, scalable and cost-effective solution to increase patient adherence across various aspects of disease management and improve clinical outcomes for people with chronic conditions. The company's proprietary JITAI technology converts millions of data points originating from an individual's smartphone and other connected devices into hyper-personalized recommendations in just the right tone, time and real-world context to catalyze behavioral change as part of their daily routine. JITAI technology can be used across multiple chronic conditions, including cardio-metabolic diseases, autoimmune disorders and oncology.

"We believe that every person with chronic conditions should have a trusted voice empowering them to reach their micro-goals every step of the way throughout their unique health journey," said Yoni Nevo, CEO of Sweetch. "The rapidly evolving remote health era is missing a critical component: effective continuous relationships between pharmaceutical companies, device manufacturers, payers, healthcare providers and each of their individual patients. Sweetch provides this missing critical capability at scale to outsmart chronic conditions, together."

About Sweetch

Sweetch is the developer of hyper-personalized engagement solutions for chronic conditions.

Sweetch is the first behavioral science company to leverage AI and EI (emotional intelligence) enabling pharmaceutical companies, device manufacturers, payers, and healthcare providers to build continuous relationships and engage with every individual patient with chronic conditions, at scale. Sweetch provides a clinically validated digital therapeutics platform that moves individuals to achieve their health goals with hyper-personalized recommendations in the right time, tone and real-world context every step of the way throughout their health journey. Analyzing every user's personality, behavior and context, Sweetch's proprietary algorithms identify the individual's compliance patterns and continuously adapt recommendations to each user, leading to significantly improved adherence to treatment programs, better health outcomes and improved healthcare economics. Sweetch is HIPAA and GDPR compliant.

For more information, visit https://sweetch.com/.

Follow Sweetch on LinkedIn.

Media Contact:

Finn Partners for Sweetch
Lior Feigin
[email protected]
@LiorFeigin 
+1 929 588 2016
+972 54 282 4503

SOURCE Sweetch