Undermyfork, a diabetes tracking app created to assist people with the disease enhance “time-in-range” and better manage their condition, has actually raised $400,000 in seed funding.
Financial investment originates from AltaIR Capital and Runa Capital . Undermyfork co-founder Mike Ushakov’s previous company, Metabar (the maker of the internet browser add-on Sovetnik), was likewise backed by Runa, prior to being obtained by Yandex a number of years back.
The Undermyfork app combines meal images with glucose information coming from a constant glucose display (CGM) gadget. The aim is to let users correlate meals with changes in blood glucose levels. Particularly, it concentrates on “time-in-range”– the percentage of time that a person invests with their blood glucose levels in a target range, thought about the most important metric in contemporary diabetes management.
“With our app, we wish to assist individuals with diabetes fix their lifestyle and eating practices, and enhance their time-in-range,” Ushakov tells me. “Undermyfork is a really easy tool now: it integrates meal images and insulin information with glucose information, and permits the users to clearly see which meals are driving them out of the safe blood sugar range.
“We help individuals with diabetes not simply to see their blood glucose data, but to analyze the data and make helpful conclusions that might enhance their life. You can state it’s like ‘Google analytics for blood sugar.’ “
More broadly, Undermyfork is wagering that constant glucose monitoring devices will change standard finger-pricking blood glucose meters in the coming years. The method is to establish itself as the default companion app for CGMs, however to do so it will need to access to CGM-generated information.
“Undermyfork depends on CGM information, so we need to have the partners to offer us with this data,” describes Ushakov. “This month, at the same time with closing our round, we partnered with Dexcom, which is the leading CGM maker in the U.S. We now have access to Dexcom’s retrospective API, letting users stream information directly from their Dexcom cloud to the Undermyfork app.”
This likewise establishes Undermyfork for a U.S. launch. Noteworthy, the mostly Europe-based group is completely remote. Ushakov remains in Amsterdam, co-founder Eugene Molodkin is in St.Petersburg and other employee remain in Germany, Netherlands, Russia, Slovenia and Israel.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.