New York-based app OneDrop has secured $40 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Sept. 17 and financed by Bayer.
According to its Crunchbase profile, "OneDrop is a diabetes management platform that helps people navigate diabetes together."
The four-year-old startup has raised two previous funding rounds, including a $6.1 million Series A round in 2017.
The round brings total funding raised by New York companies in healthcare over the past month to $306 million, an increase of $167 million from the month before. The local healthcare industry has seen 214 funding rounds over the past year, capturing a total of $3 billion in venture funding.
In other local funding news, commercial real estate company Biproxi announced a $10 million seed funding round on Sept. 17, led by Greycroft.
According to Crunchbase, "Biproxi is the one-stop shop for commercial real estate sales and leasing. It includes a free commercial multiple listing service, marketing platforms for sales and leasing and a suite of customized marketing tools, all geared toward improving the transaction process for middle-market CRE brokers, buyers, sellers and tenants."
The company also raised a $3 million seed round in 2018.
Meanwhile, motion capture company Kaia Health raised $8 million in Series A funding, announced on Sept. 17. The round was financed by Optum Ventures.
From the company's Crunchbase profile: "Kaia Health is a software-based healthcare platform. The company offers an app-based digital therapy focused on chronic pain that transforms the most effective offline therapies into digital therapies and connects these therapies to technologies that enhance the therapeutic effect."
Kaia Health last raised $10 million in Series A funding earlier this year.
Also of note, insurtech company Broker Buddha raised $4.5 million in funding, announced on Sept. 17 and financed by Vertex Ventures.
From Crunchbase: "Broker Buddha is a technology platform that makes it easy for commercial brokers to sell insurance. Founded in 2017, Broker Buddha's modern, intuitive and high-efficiency workflow enables brokers to reduce time spent on applications and renewals by 80% — opening up time to grow their business and nurture relationships."
The company previously raised convertible note funding in 2018.
Rounding out the city's recent top local funding events, shoes company ShoeKonnect raised $1.5 million in Series C funding, announced on Sept. 15.
From Crunchbase, "ShoeKonnect is a B2B commerce mobile application designed specifically to cater to the needs of the footwear industry. ShoeKonnect helps footwear enterprises to connect and communicate with each other and expand their business."
The company previously raised funding earlier this year.
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