Dublin-headquartered digital digestive health company FoodMarble has closed a seed investment round of $2.6m.
The round was led by Business Venture Partners (BVP), with participation from SOSV, Breed Reply, Delta Partners and Enterprise Ireland.
The funding will support continued expansion into new markets, research and development projects, as well as the further development of FoodMarble AIRE, the company’s personal digestive tracker.
FoodMarble AIRE is a handheld, wireless breath analysis device which, combined with its connected app, enables users to measure how well they are digesting different types of food.
This is with the aim of helping users to overcome problematic digestive symptoms. The core target market is people with persistent digestive problems such as Irritable Bowel Syndrome (IBS).
The seed funding round is on top of the firm’s first crowdfunding campaign on Seedrs, which has currently raised €2.2m.
Aonghus Shortt, co-founder and CEO at FoodMarble, said: “The funding raised today, and from the Seedrs crowdfunding campaign, will help us continue our mission.
“Healthcare systems today are not suited to helping people with these common but incredibly challenging gut health issues. Digestive symptoms can be profoundly disruptive to normal life, and we’re seeking to end that.
“We’re just getting started. We want this to be a tool that every family can have in the home to monitor and manage their digestive health, so that they can live healthy and happy lives.”
Elliott Griffin, managing director at BVP, added: “We’re excited to be supporting FoodMarble as they continue their strong growth and continue to help those struggling with digestive issues live better and more comfortable lives every day.”
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