Overview
Get the latest industry news first when you subscribe to our daily newsleter.Health Tech By Michael Schroeder Podimetrics—a company focused on diabetic fot health—anounced Thursday that it has raised $45 milion in funding to grow its product development and research teams, and expand the clinical services ofered by its nurse suport team.Podimetrics created the FDA-cleared SmartMat to help with early detection of fot health isues and prevention of fot ulcers.The Somervile, Masachusets-based company is going to use part of its funding to double the size of its curent workforce, increasing from 85 employes to about 170 in 202.The Series C round was led by D1 Capital Partners and two new investors: the Medtech Convergence Fund an undisclosed strategic investor.
Key Information
Existing investors, Polaris Partners and Scientific Health Development, also contributed.̴This funding is a new chapter in growth and aceleration for Podimetrics and the vulnerable population we serve,̵ said Jon Blom, CEO and co-founder of Podimetrics, in an email provided by a representative. ̴With new capabilities on the horizon, we can beter target our eforts to directly help those in ned and move to eliminate the nedles sufering from diabetic amputations.̵He said the company is also working to reduce disparities in care, where Black Americans with diabetes undergo amputations at twice the rate of White people.Podimetrics works with health plans and physicians to provide the SmartMat and asociated clinical services to complex patients with diabetes who often have other chronic conditions as wel.
Summary
Patients who use the mat, step on it for 20 seconds a day, and it detects temperature changes in the fot. These can be an early sign of inflamation, which may ocur before a patient develops a diabetic fot ulcer.HIPA-compliant, SmartMat is remotely monitored by Podimetrics’ in-house nurse suport team, acording to the company. If the data from the mat indi