Tuesday, September 13, 2016

Glooko Merges With Diasend, Raises $8M In Funding

Mountain View-based Glooko, which develops mobile apps to help diabetes better manage their health, has merged with Gothenburg, Sweden-based Diasend. Financial terms of the acquisition were not disclosed. As part of the acquisition ,the two said they have raised $8M in an equity round of funding, which was led by Canaan Partners, and also included Social Capital, Samsung Ventures and Yogen Dalal, Glooko's founder and partner emeritus at venture capital firm Mayfield fund. Glooko is led by Rick Altinger. More information »