Cohero Health said today that it closed a $9 million Series A round for its BreatheSmart patient monitoring platform, which can track medication adherence and measure lung functioning. The funds are also earmarked for commercial development efforts and expanding Cohero’s clinical trial program.
The round was led by Three Leaf Ventures with participation by Zaffre Investments and BioAdvance, Cohero said.
The New York City-based company has developed wireless inhaler sensors to track patient adherence alongside an FDA-cleared mobile spirometer to measure lung function. Users can track their data and receive custom reminders and rewards for compliance. Cohero touted clinical data that shows BreatheSmart has medication adherence rates 2.5 times those of standard of care and leads to a reduction in emergency room visits.
Cohero reported they hope to build the world’s largest data set of respiratory patient demographics, symptoms, medical history, outcomes and cost to create a predictive and personalized system.
The company said it has entered into more than 25 commercial partnerships with hospital systems, payers, pharmaceutical manufacturers and other strategic partners.
“We started Cohero Health with the goal of empowering pulmonary patients to engage in their care,” co-founder & CEO Melissa Manice said in prepared remarks. “This investment will sustain this mission, transforming respiratory care for patients and the many stakeholders that support the respiratory community.”
“With this investment, we will further progress our leading connected health platform, and scale our business to meet market demand,” added co-founder & COO Dan Weinstein. “We’re proud of what we have achieved so far, and excited to continue setting the new standard for respiratory care.”
“Using wireless technology, Cohero Health’s approach is clinically transformative in dramatically improving the standard of care for pulmonary patients,” Three Leaf Ventures managing director Sean Kearney said. “We are thrilled to be involved in their success and look forward to supporting their growth.”