Tricog Health raises $8.5 Mn in Series B2 round

Heart centred healthtech startup Tricog Health has raised $8.5 million in its Series B2 round from Omron Health Care and Sony Innovation Fund, among other investors. The round also saw participation from returning investors The University of Tokyo Edge Capital, Inventus Partners and SG Innovate. 

The Series B2 round marks an overall raise of $30 million for the Bengaluru-based startup. Tricog had previously raised $10.5 million in a Series B funding round from Japan’s University of Tokyo Edge Capital in March 2020.

With this round, Tricog plans to expand its reach to Asia and Africa and its footprint in the US healthcare market. Furthermore, its strategic partnerships will allow the firm to address the needs of heart patients at home.

Tricog’s TriCare platform is an integrated solution for chronic disease management. Post-treatment, it enables remote management of heart disease using medical data from connected devices at home and wearable devices such as the Apple Watch.

Founded in 2015 by Bhograj, Zainul Charbiwala and Udayan Dasgupta,  Tricog Health claims that it is presently clocking $7 million in annual recurring revenue, and plans to double the figure over the next year and a half. According to the firm, it has screened 12 million patients and detected half a million serious heart patients so far.