Sugar.fit, a healthtech company focusing on type 2 diabetes and prediabetes, has raised an additional $5 million in its Series A funding round, led by B Capital with participation from MassMutual Ventures and existing investors such as Tanglin Venture Partners, Endiya Partners, and Cure.fit (now Cult.fit).
In October of the previous year, the startup had secured $11 million in its Series A round, primarily led by MassMutual Ventures.
According to a press release from the company, the newly acquired capital will be allocated towards expanding Sugar.fit’s technology infrastructure and product offerings, enhancing brand visibility, and accelerating research and development in diabetes management.
Founded by Madan Somasundaram, Sugar.fit offers a comprehensive diabetes care program that integrates innovative technology with personalized human interventions. Diabetes specialists and nutritionists utilize various devices, including continuous glucose monitors, fitness trackers, and health diagnostics, to monitor the real-time impact of users’ lifestyles on their glucose levels.
Over the past 18 months, the company reports substantial growth in paid subscribers, currently serving more than 30,000 users on its platform.
Furthermore, Sugar.fit has established an omnichannel presence, initially launching in Bengaluru and expanding to operate seven diabetes clinics staffed with diabetes care specialists across the city.
