dacadoo Completes C-Round Capital Increase

The latest round brings dacadoo’s total capital raised to approximately $71.4 million, which the vendor will use to drive its global growth strategy.

(Image source: dacadoo homepage.)

Swiss InsurTech dacadoo (Zurich), developer of technology solutions for digital health engagement and health risk quantification, has announced the completion of  its C-round capital increase to secure funding to support its global growth strategy. The latest round brings dacadoo’s total capital raised to 70 million Swiss Francs (approximately US$71.4 million).

Peter Ohnemus, CEO, dacadoo.

“dacadoo has gone through a high-growth phase in 2019 and is expected to continue on a strong growth path,” comments Peter Ohnemus, CEO and founder. “We therefore arranged additional funding via a C-round capital increase and we’re very happy to report that we successfully concluded this round.”

dacadoo’s digital Health Engagement Platform is designed to motivate users to achieve and maintain healthy lifestyle habits. The vendor says its digital user journey is optimized to engage clients of health insurers, life insurers and vendors of Corporate Health programs; it is delivered through mobile apps (iPhone & Android) and a web app built in responsive design. The platform combines motivational techniques derived from behavioral science, with functions from online gaming and social networks that involve users in their holistic health. By combining the patented dacadoo Health Score with its personalized, automated AI-based coach, dacadoo customers can achieve high levels of long-term user engagement and produce positive health outcomes, the vendor asserts. The vendor offers a white-label option that provides customers with full branding and content customization.

Tailored Client-Facing Applications

In addition to dacadoo’s digital health platform and apps, the vendor also provides technology access to business partners via dacadoo’s RESTful API (OAuth 2.0) to allow health and life insurance customers,  vendors of corporate health programs or other healthtech companies to create user journeys and client-facing applications tailored specifically for their needs, and based on dacadoo’s technology.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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