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    Sunstone Credit secures $20 million in Series A funding round

    Sunstone Credit secures $20 million in Series A funding round

    New-York based Impel secures $104 million in growth funding

    New-York based Impel secures $104 million in growth funding

    Metagenomi bags an extra $100 million before closing its Series B

    Metagenomi bags an extra $100 million before closing its Series B

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

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      Sunstone Credit secures $20 million in Series A funding round

      Sunstone Credit secures $20 million in Series A funding round

      New-York based Impel secures $104 million in growth funding

      New-York based Impel secures $104 million in growth funding

      Metagenomi bags an extra $100 million before closing its Series B

      Metagenomi bags an extra $100 million before closing its Series B

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

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      Home Health IT

      Material Impact invests $3M in Smart Bra Maker Bloomer Tech

       1,240 total views,  1 views today

      USTechTimes Editor by USTechTimes Editor
      March 13, 2020
      Bloomber Tech
      Share on FacebookShare on Twitter

      Health technology company Bloomer Tech (Bloomer) announced that it raised $3 million in a Series Seed funding round led by Material Impact, along with One Brave Idea and several angels, including John Abele, co-founder of Boston Scientific.

      Bloomer, a company developing a smart bra to detect heart disease, is tackling the leading cause of death in women with the world’s first electrocardiogram device that looks and feels like a bra.

      By embedding patented, medical-grade fabric sensors and machine learning algorithms into a garment that women wear every day, Bloomer provides users and doctors with unprecedented access to heart health data.

      In the United States, cardiovascular issues resulted in nearly female 300,000 deaths in 2017, or about 1 in every five and, yet, only about half of women even know that that’s the case.

      That lack of knowledge might be, in part, because women are frequently overlooked when it comes to clinical research, said Alicia Chong, CEO of Bloomer Tech.

      “As women in STEM, we are keenly aware that digital health and AI tools are tuned to people represented in the datasets. So when we realized that women have been woefully underrepresented in clinical research, especially in cardiovascular diseases, we had to take action,” said Chong.

      Bloomer is eliminating healthcare imbalances by replacing an uncomfortable piece of plastic with a beautiful piece of clothing that empowers women to feel sexy instead of sick, Chong added.

      “This seamless and comfortable monitoring experience prevents algorithm biases and unlocks new, sex-specific digital biomarkers that can more accurately provide personalized care for patients,” she said.

      The female technology (femtech) sector has shown explosive growth, with close to $1 billion of funding going into femtech startups in 2019 alone. Forbes predicts that the space is poised to become a $25 billion industry within the next five years.

      Boston-based VC fund Material Impact sees the investment as core to its thesis of translating products enabled by materials innovation into companies that solve real-world problems.

      In 2019, Material Impact led the $9 million Series A of femtech startup NextGen Jane. Adam Sharkawy, Co-Founder and Managing Partner of Material Impact and a former cardiovascular healthcare executive, will be serving as Bloomer’s Chair of the Board.

      “Bloomer addresses some gaping needs in cardiovascular health, one of the largest spaces in healthcare overall,” said Sharkawy.

      One Brave Idea, an investor in Bloomer, was established to pursue unconventional scientific approaches to make significant advances in the fight against coronary heart disease.

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      Tags: Bloomer TechHealth TechnologyImpact Investing
      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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