Big Health
The funds will support new product development, as well as growth of its distribution channels and commercialization efforts.
But the sector still makes up just 15% of overall investment in the digital health market.
The former NHS medical director stepped down from the national role at the end of 2017 and became chair of Birmingham Women’s and Children’s NHS Foundation Trust.
The announcement is yet another milestone on the road to adoption and reimbursement of digital therapies, Big Health CEO Peter Hames said.
Like its predecessor, the app combines artistic presentation with proven cognitive behavioral therapy strategies.
Among a study group of 1,711 users, use of the Sleepio app appeared to drive improvements in self-reported functional health, psychological wellbeing, and sleep-related quality of life.