Spry Health has raised $5.5 million in Series A financing led by Grove Ventures.
The company will use the funding for commercialization of the Loop wristband. This device collects data from chronically ill patients without any user input. The data can be sent to an analytics platform where it will be monitored for early signs of worsening health. The company hopes to gain FDA clearance for this device by 2018.
Spry Health was founded in Palo Alto, CA, in 2014. It focuses on transformative digital health solutions such as the Loop wristband.
OVO Fund, Think+ and Stanford-StartX Fund are also investors joining Grove Ventures in this round of financing.
