Propeller Health, an Asthma tracking startup, raised $21.5 million in series C funding. They will use the new funds to expand their product portfolio, which already includes 45 programs. According to CEO David Van Sickle, Propeller would also like to expand globally. The company launch in 2010 and has been growing rapidly thanks to relationships with key healthcare partners including Dignity Health and government programs like Molina Healthcare. You can learn more about Propeller here.
Propeller Health recently completed a $14.5M Series B funding round, led by Safeguard Scientifics with participation from The Social+Capital Partnership. Propeller Health will use the funding to accelerate product development, strategic alliances, client services, sales and marketing as it tackles the $100 billion cost of treating asthma and chronic obstructive pulmonary disease (COPD).
Propeller is a digital therapeutic designed to help patients and their physicians better understand and control COPD, asthma and other respiratory disease, reducing preventable emergency room visits, hospitalizations and unnecessary suffering. The company has raised a total of $23M since its 2010 founding.
More information can be found on Xconomy here.
Propeller Health co-founder Mark Gehring will be speaking at the Founders’ Series meetup hosted by gener8tor on Wednesday, November 6 at 6pm at their office in Madison. Mark Gehring is a co-founder of Propeller Health (formerly Asthmapolis), the leading mobile platform for respiratory health management. Through sensors, mobile apps and services, Propeller Health helps reduce the cost of care while delivering better quality of life for individuals with chronic respiratory disease.
For more information about the event, go here.