LifeQ, Biometrics and Health Information Pioneer, Secures $47 Million Investment Funding

LifeQ, Biometrics and Health Information Pioneer, Secures $47 Million Investment Funding

Preeminent provider of wearable devices-derived health data & insights draws global investment—leading movement toward greater health and wellness around the world

LifeQ, the preeminent independent provider of biometrics and health information derived from wearable devices and used in world-leading health management solutions, announced it has secured $47 million from top investors around the world. LifeQ co-founders Laurence Olivier, CEO, and Dr. Franco du Preez, Chief Scientist, made the announcement.

“LifeQ is proud to partner with the world’s most distinguished investment groups to positively impact the future of health for all people,” stated Mr. Olivier. “We are in the midst of a global health crisis caused by sedentary lifestyle, increased work demands, and unhealthy foods resulting in rapid increase in chronic illnesses worldwide — from obesity and diabetes, to cardiovascular disease — and an overwhelmed healthcare system unable to cure people of these diseases, many of which are preventable. The COVID-19 situation has brought this problem into stark focus and further highlighted the urgent need for a new approach.  Harnessing the power of technology, LifeQ offers a 24/7 lens into the body, generating actionable health insights from personal wearable devices — assisting in both screening for disease and illness and uncovering its root cause. LifeQ has already been integrated into some of the world’s most innovative new wearable products by leading OEMs to bring consumers the healthcare of the future.” 

LifeQ has two key value propositions: enabling wearable devices to provide business-grade and near clinical-grade health information streams; and using this data to generate health and wellness solutions for consumer, business and clinical applications. LifeQ is rapidly becoming the preferred health enabler and benchmark for the world’s top consumer electronics companies, powering the next wave of digitally enabled insurance and health management, and has already had significant, life-changing and even life-saving impact on real users’ lives.

“High accuracy, personalized, non-invasive digital health monitoring by wearable devices is the future of well-being and good health,” stated Dr. du Preez. “LifeQ designs sophisticated sensor management firmware and integrates it with the world’s most popular wearable devices. By gathering insights on everything from basic vital signs and sleep patterns to fitness and heart health, we are able to generate actionable information and insights for the human body—with a vision of facilitating greater health and wellness for all who use it.”

LifeQ has assembled a valuable shareholder base to assist with business expansion that spans an impressive list of institutions and strategic investors, including Invenfin, 4Di Capital, Allectus Capital, Mogul Capital, Tenhong Holdings, Analog Devices, Hannover Re, Convergence Partners, Stellar Capital Partners, Nedbank Corporate and Investment Bank, Delos, OneBio Seed Investment Fund, Virgin Group, Lireas, Allen & Co, and Acequia Capital.  LifeQ has also drawn the backing of experienced entrepreneurs and family offices such as Rachel Diamond, Halls Investments, Bremer Investments, Errol Damelin, Dietco, among others.

“We are delighted to welcome these world-class investors to LifeQ," said Mr. Olivier. "The capital from this investment round has significantly expanded our working capacity and will drive higher reach, growth and profitability. With the active support of our investors, the LifeQ team are excited to scale our offering to help consumers, companies and people all over the world to uncover health risks and create healthier lives.”

In this COVID-19 era, LifeQ is able to provide early warning and detection by tracking a variety of important factors like heart and breathing rate, sleep patterns, exercise routine and everyday health, sending out an alert when something isn’t right. This kind of early detection can save lives and significantly reduce the impact of the pandemic on individuals and companies.  The effectiveness of LifeQ’s COVID-19 solution has already been proven by early adopter businesses, which have helped ensure a safer working environment while saving cost by not having to vacate offices and enforce quarantine restrictions on co-workers.

With 85% of all health costs today related to chronic diseases, the importance of monitoring and diagnosing as early as possible cannot be overstated. Consumers benefits from LifeQ’s accurate and insightful health information, disease prevention and management programs, and more affordable and tailored life and health insurance products. Consumers who derive actionable value from LifeQ include those who are highly athletic, who profit from in-depth health insights; those who have preexisting conditions or health risks, who want to prevent against disease; the average person, who can receive regular health updates and screening info; and patients who are currently being monitored and undergoing medical treatment in a hospital, facility or at home. LifeQ is GDPR-compliant and ensures that the consumer has full control and ownership of their health information.

Businesses that have incorporated LifeQ into their offerings include prominent global entities such as Samsung, Xiaomi, Fossil Group, Montblanc, Motorola, Suunto, and HannoverRe. Leading semi-conductor manufacturers like Texas Instruments, Qualcomm and Pixart have endorsed LifeQ as the best OEM enabler for users of their chipsets and platforms. 

Wearable device companies that have integrated with LifeQ are able to continuously and more accurately track critical biometrics. LifeQ and its customers and partners have conducted extensive validation of this information proving its value to both consumers and business customers. Insurers and reinsurers have access to a range of health information streams from their customers. These information streams can be utilized in a number of ways to add value to insurers. Healthtech companies, focused on user engagement, wellness and disease prevention and management, benefit from curated person-specific continuous health information streams opening up a range of new personalized products and services. Clinicians, researchers and analytics companies are able to leverage health information streams available from LifeQ to do research and create new services and solutions that complement their current approaches.

About LifeQ

LifeQ is the leading independent provider of biometrics and health insights derived from wearable devices, helping people live healthier lives. By providing a 24/7 lens into the body, LifeQ’s solutions go beyond an everyday smart watch, generating business-grade biometrics for consumers, athletes, and the acutely and chronically ill to detect health problems earlier, manage their existing problems, and prevent illness. From cardiovascular disease, COVID, and other sleep and respiratory disorders, LifeQ enables early detection and prevention of the world’s most debilitating diseases. Consumers, wearable device companies, insurers and reinsurers, health-tech companies, clinicians, researchers and analytics companies all benefit from LifeQ’s powerful capabilities—representing the future of healthcare. A holistic personalized view on health to help change the way we understand and manage our health is generated through LifeQ’s unique computational systems biology led approach, underpinned by its in-depth knowledge and understanding of human physiology. LifeQ’s proprietary GDPR-compliant data management infrastructure includes a suite of ecosystem and partnering tools that enables LifeQ and its business and clinical partners to jointly deliver actionable insights to consumers who retain full control and ownership of their personal health information. LifeQ follows an open architecture approach and is already integrated into a range of prominent wearable device brands, consumer facing health/wellness platforms, and health risk tracking applications for the global insurance and corporate wellness industries.  For more information, please visit www.lifeq.com.

Contact: Deborah Geiger

Geiger Communications

deborah@geigercommunications.com

516-423-9848