What you should know:
– Lumen, the metabolic health company behind the first wearable device to measure your metabolism through breathing, announced today that it has raised $62 million in a series funding round B led by Pitango Venture Capital.
– Participating investors include Hanwha Group, Resolute Ventures, RiverPark Ventures, Unorthodox Ventures, Almeda Capital and Disruptive VC.
The world’s largest metabolism measurement platform to develop business growth and research
Lumen helps people achieve metabolic health by making better nutritional and lifestyle choices so they can enjoy a better quality of life and live longer. It is a service that includes an application and a device that reveals the state of the user’s metabolism and shows him the impact of his nutrition and lifestyle on his body.
With the metabolic health crisis contributing to more than $464 billion in annual U.S. health care costs and affecting 8 in 10 U.S. adults, the investment will enable the company to:
1. Reach more communities in the US and around the world
2. Expand its personalized nutritional advice and lifestyle solution for consumers
3. Continue to support research partnerships with academic institutions
“Understanding the impact of nutrition, exercise, sleep and stress on your metabolism is key to achieving your health goals. One of the things we are most passionate about is empowering people to take care of the engine of the body, which is our metabolism,” said Daniel Tal, CEO and Co-Founder of Lumen. “Over the past year, Lumen customers have discovered what kinds of foods they should eat and what habits they should change or keep. It’s amazing to see the impact Lumen has had on so many people in such a short time.
The number of people using Lumen to improve their metabolic health has grown exponentially since the product was launched. Today, more than 2 million monthly metabolic measurements are taken at home or on the go with the Lumen handheld device. Traditionally, this process was only available in hospitals and clinics via an expensive 45-minute lab test.
Lumen connects to health data platforms including Apple Healthkit, Google Fit, and Garmin. It uses robust machine learning datasets to provide daily personalized nutritional advice to each person based on their lifestyle and metabolic profile. To further expand this area, six months ago the company appointed a new CTO, Eliran Fallah, a former technology executive at Microsoft, Google and Waze with extensive experience in the field.
Since its inception, Lumen has been committed to investing in clinical research related to the most pressing health issues in its community. Over the past year, the company has conducted research studies in several health areas with top academic institutions, including the Whistler Center for Carbohydrate Research at Purdue University, the School of Kinesiology and Physical Education at the University of Toronto and ARU Cambridge.
In October 2022, a study carried out in collaboration with the endocrinology department of the Tel Aviv Sourasky Medical Center was published in the journal Obesity Facts. Study results revealed how metabolism-based nutrition can reverse prediabetes conditions. For 12 weeks, prediabetic participants measured their metabolism using the Lumen device and followed its nutrition and lifestyle advice, which resulted in lower Hb1c levels, loss of average weight of 13 lbs. and 3% reduction in body fat.
“Until now, studying metabolism with standard equipment has been difficult for researchers and participants. Data collection was minimal and would require participants to visit a clinic for each measurement and have a practitioner analyze the results. Now researchers can easily collect multiple data points from participants and create more complex research protocols that uncover new physiological findings,” said Dr. Merav Mor Ph.D, Chief Scientist and Co-Founder of Lumen.
#Lumen #raises #million #wearable #device #measure #metabolic #health