DayTwo, a leader in precision nutrition with the world’s most advanced proprietary microbiome science, today announced that the company appointed David Henderson, a former founding executive member of Oscar Health, as Chief Executive Officer. The company also announced $37 million in new funding to accelerate its expansion of chronic disease solutions for employers, health plans, and health systems. The financing will support the growing demand for DayTwo’s virtual care solution for metabolic diseases, including diabetes, prediabetes, and obesity. DayTwo’s proven solutions drive significant positive health outcomes for the more than 122 million adults in the U.S. with diabetes and prediabetes. The current round was led by Cathay Innovation and aMoon, bringing the total fundraise to $85 million. DayTwo also appointed John Watts, Jr., Chief Executive Officer of Paradigm, to its board of directors.
“Dave has an outstanding track record of dramatically scaling digital healthcare companies who then become innovators and disruptors,”
said Yair Briman, Chairman of the Board at DayTwo.
“We are extremely excited to have Dave’s leadership and talents, to further accelerate DayTwo’s momentum, and continue our extremely fast-paced growth trajectory.”
“I’m thrilled to be joining a unique and innovative company that is helping people live healthier lives and manage their chronic conditions,”
said David Henderson, CEO of DayTwo.
“The company employs the most advanced microbiome analysis in the world, resulting in groundbreaking clinical discoveries and life-saving disease interventions. With the world’s largest and richest proprietary gut microbiome dataset, DayTwo has tremendous opportunities to apply its science and IP to improve outcomes for other diseases in addition to diabetes, prediabetes, and obesity. I look forward to building on the incredible success of the company and working closely with our innovative clients and partners.”
“Given the staggering crisis related to metabolic disease, DayTwo’s unique and extensible, science-based solution is creating enormous value by solving healthcare and cost challenges, in ways never before imagined. At Cathay Innovation, we leverage our global platform to back and scale technologies in critical fields such as digital health where companies like DayTwo have the potential to positively impact millions of lives. Their program represents the future of disease care, nutrition and beyond,”
said Jacky Abitbol, Managing Partner, Cathay Innovation.
“We are proud of our long-term partnership with DayTwo since its founding. The company has made huge strides and is driving substantial value and meaningful clinical results with employers, health plans, and health systems. We are excited to be a part of this next rapid-growth stage of DayTwo’s commercial success,”
said Yair Schindel, M.D., Co-Founder & Managing Partner, aMoon.
DayTwo participants continue to see outstanding results in controlling their blood sugar, reducing their A1C, and improving their Time In Range, an important measure of blood sugar health which is the time a participant stays within a healthy blood sugar range. Participants in DayTwo’s programs also see vast improvements in sleep and energy, and reductions in stress and hunger.
Clients experience record sustained engagement and outcomes. One-year outcomes include more than a 1.4 point reduction in A1C, a 69% improvement in Time in Range, 18 pounds of weight loss, a 3.3 point reduction in BMI, and significant reduction or elimination of medications. These are the sustainable and life-changing results that DayTwo is bringing to market.