BOSTON, March 3,
2022 /PRNewswire/ -- juli, the AI-powered
digital health platform empowering patients and their care teams to
manage complex chronic conditions, announced it has secured
$3.8 million in a seed funding round.
Leading the round were Speedinvest, one of Europe's most active early-stage venture
capital firms, and Norrsken VC, a fund investing in start-ups
solving the world's biggest problems while building massive
SoftBank's Vision Fund Emerge Program and Dieter von
Holtzbrinck Ventures also joined the financing round.
With a vision rooted in improving care for chronic conditions,
the financing will enable juli to scale its commercial team across
the U.S., conduct clinical trials of the app, and acquire
additional artificial intelligence talent.
"juli is helping patients, providers and employers identify
behavioral triggers that worsen or improve the most hard-to-treat
and complex chronic conditions, including asthma, migraines,
depression and bipolar disorder," said Bettina Hein, CEO and co-founder of Boston-based juli. "With the support of
Speedinvest, Norrsken and our other investors, we will be able to
expand our reach to improve patient health and lower health care
Chronic and mental health conditions account for 90% of U.S.
healthcare expenditures. juli harnesses AI to help patients (and
their caregivers) gain control over their conditions by giving them
powerful insight into the behavioral patterns that impact their
health, like pinpointing triggers that make a complex,
multifactorial condition worse, and identifying changes that can
help avoid or alleviate a flare-up.
Since launching a year ago, approximately 15,000 patients have
used the juli app to track data for chronic, debilitating
conditions. The company has already earned high-profile awards
including Best New Company of 2021 by MassTLC, has been selected by
the U.S. Department of Health and Human Services as one of 15
digital health startups to join the 2022 PandemicX Accelerator
cohort, and is one of only nine companies selected into SoftBank
Vision Fund's Emerge Program for 2021.
Hein, a serial software entrepreneur who has previously built
successful technology companies, co-founded juli with Bettina
Duehrkoop, a Swiss entrepreneur and Chief Marketing Officer of
"Chronic conditions are increasingly affecting a larger
number of people, and putting huge pressure on healthcare systems,"
said Tove Larrson, General
Partner at Norrsken VC. "We urgently need better tools to
manage these conditions, and available technology must be leveraged
to ensure wider access to management tools. By gathering data from
various sources, and monitoring patterns and triggers using its
intelligent AI powered system, juli enables patients to live better
lives, and helps to alleviate the pressure on healthcare systems.
We look forward to working together with the juli team to tackle
this massive challenge."
"It is often experienced founders with a fresh perspective who
manage to innovate where others just rely on the status quo,"
said Michael Schuster, General
Partner at Speedinvest. "The juli team brings so much
experience from so many different fields to the table - especially
their in-depth experience and expertise in working with data - that
I am convinced they'll shake up digital healthcare for good!"
Meet with juli at VIVE
juli will participate in the VIVE conference in
Miami Beach, March 6-9. ViVE merges the leadership of the
College of Healthcare Information Management Executives (CHIME) and
the digital marketplace of HLTH to create a technology event
focused on the business of healthcare systems.
Contact firstname.lastname@example.org to schedule a demo of the juli platform at
booth #106-01 in the Startup Hive.
juli is a management platform that empowers patients and their
care teams to manage complex chronic conditions. The AI-powered app
combines patient-provided data, environmental data, and a patient's
social and behavioral context, to identify micro-behavioral changes
that can improve their health. juli supports patients with chronic
health conditions like asthma, migraine, depression, bipolar
disorder, and chronic pain through a number of evidence-based
approaches, and uniquely unites multiple health data sources in one
place. For more information visit https://www.juli.co/.
About Norrsken VC
Norrsken VC is 123m EUR,
for-profit, impact VC fund, born out of Norrsken Foundation – a
non- profit foundation founded in 2016 by Niklas Adalberth,
co-founder of Klarna. The fund believes that entrepreneurs building
rapidly scalable businesses are our best bet for solving the
world's hardest and biggest problems, such as poverty, famine,
environmental issues, mental health, and integration. The fund
invests across all the 17 UN Sustainable Development Goals, and its
portfolio can be seen here.
Speedinvest is a leading early-stage venture capital firm with
more than €600M AuM and 40 investors based in Berlin, London, Munich, Paris, and Vienna. Our dedicated sector-focused teams are
the first to fund Europe's most
innovative technology startups and our in-house operational experts
are on-hand to offer founders ongoing support with growth, HR, US
market expansion, and more. Wefox, Bitpanda, TIER Mobility,
GoStudent, Wayflyer, CoachHub, Schüttflix, TourRadar, Adverity, and
Twaice are among our portfolio of 250+ companies. Learn more at
About SoftBank Vision Fund Emerge
The SoftBank Vision Fund Emerge accelerator seeks to promote
diversity in tech by connecting underrepresented founders with the
capital, tools and network needed to help scale their businesses.
Established in 2019 by SoftBank Investment Advisers, Emerge
combines a customized eight-week mentoring program with capital
investment to support future growth. Participant founders gain
unique access to SoftBank professionals, portfolio companies,
industry experts, as well as wider VC support networks.
About Dieter von Holtzbrinck Ventures
Dieter von Holtzbrinck Ventures (DvH Ventures) is one of the
leading European early-stage investors. As an independent venture
capitalist, DvH Ventures invests in young technology companies,
building successful investment clusters in areas such as digital
health, education and fintech. DvH Ventures was founded in 2014 and
today manages various venture capital funds from its offices in
Cologne and Vienna. Managing partners are Peter Richarz and Fabian
von Trotha. Learn more at http://www.dvhventures.de/
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