About Digital Therapeutics
Digital Therapeutics is a company based in London (United Kingdom) founded in 2015 by Maroof Ahmed, Yusuf Sherwani, and Sarim Siddiqui.. Digital Therapeutics has raised $23.64 million across 2 funding rounds. The company has 26 employees as of January 31, 2021. Digital Therapeutics operates in a competitive market with competitors including 2Morrow, Kwit, Vincere Health, KLAVA Innovation and Smoker Reducer, among others.
- Headquarter London, United Kingdom
- Employees 26 as on 31 Jan, 2021
- Founders Maroof Ahmed, Yusuf Sherwani, Sarim Siddiqui
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Sectors
Healthcare
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Phone
*********
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Website
*********
- Legal Name Digital Therapeutics Ltd
- Date of Incorporation 02 Nov, 2015
- Jurisdiction HOLBORN, LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$23.64 M (USD)
in 2 rounds
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Latest Funding Round
$11.5 M (USD), Series B
Jul 27, 2022
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Investors
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Employee Count
26
as on Jan 31, 2021
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Funding Insights of Digital Therapeutics
Digital Therapeutics has successfully raised a total of $23.64M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $11.5 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $11.5M
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First Round
First Round
(30 Jan 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series B - Digital Therapeutics | Valuation |
investors |
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| Jan, 2020 | Amount | Series B - Digital Therapeutics | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Digital Therapeutics
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Digital Therapeutics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Digital Therapeutics Comparisons
Competitors of Digital Therapeutics
Digital Therapeutics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 2Morrow, Kwit, Vincere Health, KLAVA Innovation and Smoker Reducer, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Evidence-based smoking cessation program is delivered via smartphone app.
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| domain | founded_year | HQ Location |
App for managing smoking addiction via gamification is provided.
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| domain | founded_year | HQ Location |
Provider of a mobile app to manage smoking addiction
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| domain | founded_year | HQ Location |
Developer of digital therapeutics for addictive disorders
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| domain | founded_year | HQ Location |
Provides web hosting, drag-and-drop builders, and free website migrations for users.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Digital Therapeutics
When was Digital Therapeutics founded?
Digital Therapeutics was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Digital Therapeutics located?
Digital Therapeutics is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Digital Therapeutics a funded company?
Digital Therapeutics is a funded company, having raised a total of $23.64M across 2 funding rounds to date. The company's 1st funding round was a Series B of $12.14M, raised on Jan 30, 2020.
How many employees does Digital Therapeutics have?
As of Jan 31, 2021, the latest employee count at Digital Therapeutics is 26.
What does Digital Therapeutics do?
Digital Therapeutics was founded in 2015 in London, United Kingdom, within the digital health sector. An app named Quit Genius is provided for behavior therapy aimed at smoking cessation. Smoking patterns of users are tracked and analyzed by coaches through the app, with personalized advice delivered accordingly. Videos, audio sessions, challenges, and cognitive behavioral therapy exercises are incorporated to support users in their quitting efforts.
Who are the top competitors of Digital Therapeutics?
Digital Therapeutics's top competitors include 2Morrow, Kwit and Vincere Health.