OurCrowd Qure Leads DarioHealth Corp. (NASDAQ: DRIO) Private Placement with $2.5 Million of $5.1 Million Total

DarioHealth Corp. (NASDAQ: DRIO), a company focused on digital and mobile health and targeting diabetes monitoring, received on January 12, 2017, a private placement investment of $2.5 million from OurCrowd Qure, a health care fund focused on digital solutions. The funds will be used by DarioHealth Corp. to grow its share in existing markets and to expand into new ones, such as Germany. The total private placement is $5.1 million, the company said, of which $2 million will be closed upon future shareholder approval, per NASDAQ rules.

DarioHealth Corp., based in Jerusalem and Boston, manufactures a platform for smart diabetes management.  It is a B2C model marketed combination of its Blood Glucose Monitoring System smart phone app and a number of tools to help in health care decisions by users.  It is a portal for the internet.  In its investor presentation (http://nnw.fm/S3i5w), the company projects there will be…


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