Trevia Digital Health Raises $1.6 Million For Its Diabetes Care Platform

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Overland Park, KS-based startup Trevia Digital Health has raised $1.6 million in early stage venture funding according to a recently filed SEC Form D. This round is Trevia’s first disclosed investment round. The company began its fundraising push in December 2014, and continued throughout 2015. A March 2015 Form D filing showed only modest progress, with $117,000 in confirmed investments. In its newest filing, Trevia appears to have hit its stride, brining its total raised to $1.6 million out of a targeted $8 million initial round. Investors have not been disclosed, but Trevia does report that it has secured investments from 14 individuals or institutions thus far. While the momentum appears to be picking up, the round will likely close sometime in 2016, and appears destined to fall short of its initial $8 million goal.

Trevia is building a business around the need to improve diabetes care coordination, a market ripe for disruption that has attracted the likes of Google, which is working to on a number of projects aimed at improving the technology used to monitor blood glucose levels; and IBM Watson, which has partnered with both Medtronic and Novo Nordisk to bring Watson’s analytics capabilities to the software side of diabetes management. For its part, Trevia is building a telehealth platform designed to improve access to eye exams for diabetics. Diabetic eye exams are a critical, but often missed, preventative measure used to monitor for signs of diabetic retinopathy. Diabetic retinopathy is a condition in which uncontrolled blood sugar damages the blood vessels responsible for providing nutrients to the retina, leading to vision loss and glaucoma. If caught early, the condition can be corrected with laser surgery, and so preventative screenings are part of the standard treatment plan for all diabetics.

Trevia has developed a platform that it hopes will bring eye exam centers to more locations by installing stand-alone exam centers in primary care offices, pharmacies, and retail clinics. Here, diagnostic images are captured by a technician and uploaded to a cloud-based PACS where specialists will review the image and document their findings. The report and image is then shared with existing EHR systems, and any follow up appointments are scheduled and tracked. Trevia is monetizing the platform by selling the equipment, interfaces, and software needed to build remote diabetic eye exam centers to payers, providers, and retailers. The company also offers professional services to support implementation and to measure improvements post go-live.

Trevia’s concept is unique but relies on well-vetted interface and telehealth technologies. It also addresses a real problem that impacts quality, cost, and the overall patient experience. It will be interesting to see how much of its $8 million funding goal it manages to raise.


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