Lumen scores $62M for handheld metabolic measurement device

Lumen, maker of the handheld metabolism measurement device, announced Thursday that it has raised $62 million in Series B funding.

The round was led by Pitango Venture Capital with participation from Hanwha Group, Resolute Ventures, Riverpark Ventures, Unconventional Ventures, Alameda Capital and Disruptive VC.

the company had previously raised $8.5 million in 2019 well as expected Crowdfunding soared in 2018,

what do they do

The startup offers a handheld, breath analyzer-like device equipped with a CO2 sensor. Users breathe into the device, and it analyzes whether the body is burning fat or carbs for fuel.

Lumen also offers an app that collects that data and provides nutrition recommendations based on the results. It also integrates with Apple HealthKit, Google Fit, and Garmin.

The company said it has partnered with research institutions such as Purdue University’s Whistler Center for Carbohydrate Research, University of Toronto’s Faculty of Kinesiology and Physical Education and ARU Cambridge over the past year.

“Until now, studying metabolism with standard equipment was challenging for both researchers and participants. Data collection was minimal and participants would need to come to a clinic for each measurement and a clinician to analyze the results,” Merv Mor, chief scientist and cofounder of Lumen, said in a statement. “Now researchers can easily collect multiple data points from participants and create more complex research protocols that reveal new physiological findings.”

Lumen said it plans to use the capital to expand its reach in the US and around the world, incorporate new personalized nutrition and lifestyle recommendations and support its research partnerships.

market snapshot

There are many other digital health companies focused on nutrition guidance, weight loss or metabolic care.

Twin Health introduces an AI-backed model that aims to provide personalized nutrition, sleep and activity guidelines to help people prevent and reverse metabolic diseases such as type 2 diabetes. it announced a Raised $140 Million Series C In October last year.

Another company focused on metabolic health and weight loss, Calibrate, Announced $100 Million Series B Last year.

Connected health tech company Wings is also expanding into nutrition recommendations. with the acquisition Personal fitness and meal planning app 8fit.