Bloomlife Raises $4 Million for FDA ApplicationSeptember 02, 2016
Bloomlife, a digital health company, has raised $4 million in seed funding to develop a clinically valid fertility tracking app. Bloomlife is seeking an FDA clearance for their application.
CEO and Co-founder Eric Dy said the company would use the funding to support the launch of its product — a clinically validated wearable sensor to automatically track and count contractions safely from home. It is geared to expectant mothers in their third trimester.
The seed funding will also be used to further develop and validate future app features including fetal movement and maternal health, physical activity, stress, and sleep.
Although there are pregnancy monitoring products and fertility technology used within clinical practice, there is a growing interest in companies developing products of value to clinicians and consumers. With the growing concern of fertility tracking, more healthcare companies are beginning to build on the opportunities in family planning and early parenthood.
In the future, more companies will move toward clinical validation and seek FDA clearance, but for the time being most will avoid clinical validation since its time-consuming and doesn’t provide an immediate return on investment.
New investors have helped Bloomlife raise $6 million to date, and the company is on course to submit an application to the U.S. Food and Drug Administration for 510(k) clearance in 2017.
AIV Inc. supplies a range of fetal monitoring solutions including fetal monitoring transducers, replacement parts and repair services. To browse through our available fetal monitoring products, visit http://aiv-inc.com/fetal-monitor-transducers.html
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