November 20, 2018
Innova Capital Partners co-invested with RRE Ventures into OneDrop, an innovative platform aimed to simplify diabetes management for individual patients. One Drop (Informed Data Systems Inc.) is a digital health company harnessing the power of mobile computing and data science to transform the lives of everyone with diabetes worldwide. The One Drop platform is evidence-based, clinically effective, and brings affordable, accessible diabetes care to everyone with diabetes and a smartphone, as well as their insurers and health care providers.
One Drop’s current offerings include: One Drop Chrome: FDA-approved, CE-certified Bluetooth wireless blood glucose monitoring system that wirelessly transmits blood glucose data to the cloud via the One Drop | Mobile. One Drop Diabetes Packages: direct to consumer subscription service providing 50 to 100 blood glucose test strips per month, plus unlimited access to One Drop Coaching service. One Drop Coaching: personalized diabetes coaching programs delivering ADA-recognized diabetes support and education entirely via in-app chat and available on-demand 24/7. One Drop Professional: HIPPA-compliant enterprise solution for insurers, healthcare provider networks, self-insured employers, and drug/device manufacturers. One Drop Mobile: award-winning, cloud-based digital diabetes management solution delivered entirely via mobile app, available for free worldwide (iOS (http://apple.co/1IWTvGk) and Android (http://bit.ly/2gLzk6y)) and in six different languages (including English, Spanish, Chinese, Arabic, Russian, and French).
About Innova Capital Partners
Innova Capital Partners (“Innova”) is a global investor with a focus on disruptive innovations. Innova invests in projects and companies at various stages of their development cycle and partners with industry-leading management teams, franchises, and companies positioned for significant growth.
About RRE Ventures
RRE Ventures is a New York-based venture capital firm. We believe in unique ideas, we partner with extraordinary teams, and we commit to supporting great companies as they develop and grow. As investors, we pride ourselves on combining experience with open-mindedness. We’re a thoughtful investment firm that encompasses independent perspectives, and our decades of expertise complement our enduring hunger for amazing opportunities.
One Drop is pioneering a new way to manage diabetes by focusing on digital mobile solutions that drive behavioral change through empowerment, mindfulness and motivation. The platform empowers people to make better choices, achieve meaningful improvements in managing care complexity, and drive significant reductions in the cost of care management over time.