Foley Hoag Advises Client Ginger.io in $6.5 million Series A Financing
December 3, 2012
Ginger.io, a behavior analytics company and Foley Hoag LLP client, has closed $6.5 million in a Series A financing round.
Based in Cambridge and San Francisco, Ginger.io offers analytics software that aims to improve the world’s health through new data insights and includes a mobile application that uses an individual’s smartphone to identify changes in behavior correlating with the user’s health. Developed by MIT scientists and engineers and based on cutting-edge predictive models, the platform provides a “check-engine light” for a person’s health in the form of an alert that can be sent to a health care provider, caregiver or individual.
Ginger.io has greatly positioned itself to take advantage of the need for proactive population management, a growing trend highlighted by the recent healthcare legislation. Since raising a seed round a year ago, the company has expanded, absorbed the Rock Health startup Pipette, opened a San Francisco office and launched numerous partnerships, including the Cincinnati Children’s Hospital’s Chronic Collaborative Care Network (C3N) and the Carolinas-based hospital system Novant.
Ginger.io was advised by Foley Hoag attorneys Matthew Eckert and Prithvi Tanwar. Khosla Ventures led the round, with participation from existing seed investors True Ventures and Romulus Capital.
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