UK health risk assessment app maker roadtohealth received $4 million investment from the Reinsurance Group of America (RGA), a US Fortune 500 company that has also taken a minority stake in the firm.
The investment will allow roadtohealth to accelerate its global growth and product-enhancement plans for its app, Quealth, it said in a statement.
RGA has assets of $53.9 billion and may invest further in the company “dependent on performance and other criteria.”
Quealth is a free iOS and Android app which recently added an interactive digital health coach to its core health risk assessment modules.
Quealth helps users assess how at risk they are from one or more of the five major non-communicable and largely preventable diseases in the developed world: diabetes, cardiovascular disease, cancer, dementia and chronic obstructive pulmonary disease.
Proprietary algorithms calculate an individual’s risk of developing these diseases. They are based on answers given to questions covering family medical history, biometrics and lifestyle.
Depending on an individual’s ‘Quealth Score’ – a number between 1 and 100 – the app then provides coaching.
Future releases will incorporate live biometric and activity data from “hundreds of different mobile apps and wearable devices.”
Alistair Wickens, CEO of roadtohealth, said: “This first stage investment enables us to work with academic bodies around the world to incorporate regional factors as well as to accelerate our distribution discussions with electronics manufacturers, health and charitable bodies and the medical, health and life insurance markets.”.
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