One Drop, an app for diabetes management, has raised $8 million in Series A funding led by RRE, with participation from Box Group, Capital Factory and existing investors LAUNCH and Neu Ventures. The funding will help One Drop to develop the software, create new features and add hardware for the app as it continues to grow its network of users.
The app created by Jeff Dachis, co-founder of Razorfish, launched in the App Store this April as a way to help diabetics keep a running log of their personal insulin levels, the effectiveness of their medication, what they recently ate and what types of activities are affecting their blood sugar on a daily basis.
The app has quite a bit of competition in both free and paid subscription diabetes tracking apps on iOS. Each adds a slightly different twist to how a person with diabetes might enter information and what the app will track. Glooko is mainly used by clinics and hospitals to help patients log glucose data using the MeterSync Blue glucose meter device for instance. Diabetes in Check is a free app that offers a coaching component. One Drop aims to add a more comprehensive tracking experience than the rest, based on Dachis assessment of what makes the most sense to log in this space.
