Podimetrics – a company focused on diabetic foot health –announced thursday It has raised $45 million in funding to grow its product development and research teams and expand the clinical services offered by its nurse support team.
Metrics The FDA-approved SmartMat was created to aid in the early detection of foot health problems and the prevention of foot ulcers.
The Somerville, Mass.-based company will use some of its funding to double the size of its current workforce, from 85 to about 170 by 2022.
The Series C round was led by D1 Capital Partners and two new investors: Medtech Convergence Fund and an undisclosed strategic investor. Existing investors Polaris Partners and Scientific Health Development also contributed.
“This funding is a new chapter in the growth and acceleration of Podimetrics and the vulnerable populations we serve,” said Jon Bloom, CEO and co-founder of Podimetrics, in an email provided by a representative. “As new capabilities emerge, we can better target direct assistance to those in need and move to Eliminate unnecessary suffering from diabetic amputations. “
The company is also working to reduce disparities in care, with black Americans suffering from diabetes at twice the amputation rate of whites, he said.
Podimetrics partners with health plans and physicians to provide SmartMat and related clinical services to people with complex diabetes who often suffer from other chronic conditions. A patient using the pad pedals for 20 seconds a day, and it detects temperature changes in the feet. These can be early signs of inflammation that may occur before a patient develops a diabetic foot ulcer.
According to the company, the HIPAA-compliant SmartMat is remotely monitored by Podimetrics’ in-house nurse support team. If the data on the mat indicates an underlying health issue, the company’s care team contacts the patient and the patient’s health provider to discuss the next steps of care.
Research Research published in the Journal of Clinical Medicine found that having diabetic foot ulcers increases a person’s risk of death and amputation, and is associated with serious conditions ranging from kidney disease to heart disease.
In addition to Podimetric’s SmartMat, other companies are focusing on preventing diabetic foot ulcers to enhance diabetes care. sirenFor example, Siren Socks were developed, which have tiny sensors built into the fabric that can detect changes in temperature; these could be indicative of foot injuries, and prompt treatment could prevent foot ulcers from developing. also, Orpyx Medical Technology Manufacture custom insoles with embedded sensors that monitor changes in pressure, temperature and movement that could indicate a person has food impairment and provide real-time alerts to health professionals to prevent diabetic foot ulcers.
Photo: gustavofrazao, Getty Images
