About Sugarmate
Sugarmate is a company based in New York (United States) founded in 2016 was acquired by Tandem Diabetes in June 2020.. Sugarmate has raised $185 thousand across 1 funding round from investors including Tandem Diabetes. Sugarmate offers products and services including Sugarmate App and Data Visualization Tools. Sugarmate operates in a competitive market with competitors including Glooko, BeatO, Health2Sync, Dr. Diary Co and SocialDiabetes, among others.
- Headquarter New York, United States
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Sugarmate, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$185 K (USD)
in 1 rounds
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Latest Funding Round
$185 K (USD), Seed
Oct 27, 2019
- Investors
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Employee Count
Employee Count
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Acquired by
Tandem Diabetes
(Jun 24, 2020)
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Products & Services of Sugarmate
Sugarmate offers a comprehensive portfolio of products and services, including Sugarmate App and Data Visualization Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App that visualizes CGM data for effective diabetes monitoring and alerts.
Features for tracking diabetes statistics and trends in real-time.
Funding Insights of Sugarmate
Sugarmate has successfully raised a total of $185K through 1 strategic funding round. The most recent funding activity was a Seed round of $185 thousand completed in October 2019. 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 1
- Last Round Seed — $185,000
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First Round
First Round
(27 Oct 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2019 | Amount | Seed - Sugarmate | 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 |
Investors in Sugarmate
Sugarmate has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Tandem Diabetes. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Developer of devices for continuous glucose monitoring and manual insulin delivery
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sugarmate
| 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 - Sugarmate
| 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 |
Sugarmate Comparisons
Competitors of Sugarmate
Sugarmate 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 Glooko, BeatO, Health2Sync, Dr. Diary Co and SocialDiabetes, 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 |
Diabetes management is enabled via glucose meters and mobile apps.
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| domain | founded_year | HQ Location |
Smartphone-enabled glucometers and diabetes management apps are provided.
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| domain | founded_year | HQ Location |
Provider of an app for tracking blood glucose level
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| domain | founded_year | HQ Location |
Provider of app for diabetes management
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| domain | founded_year | HQ Location |
Mobile health solution that connects doctors and diabetic patients
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| domain | founded_year | HQ Location |
SaaS for Type 1 diabetes management is provided by Tidepool.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Sugarmate
When was Sugarmate founded?
Sugarmate was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Sugarmate located?
Sugarmate is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Sugarmate a funded company?
Sugarmate is a funded company, having raised a total of $185K across 1 funding round to date. The company's 1st funding round was a Seed of $185K, raised on Oct 27, 2019.
What does Sugarmate do?
Sugarmate is a provider of smart solutions for blood glucose monitoring. It helps in managing blood sugars, insulin levels, meds, diet carbohydrate intake in food. It allows users to read the sugar levels directly from the app offers data. Users can text friends or family with location sugar level drops too low by using the app. Features include alert system, real-time data, interactive graph, real-time device syncing, Amazon Alexa Skill, nutritional database, exercise detection, voice recognition dictation, Apple Health, multi-user support others.
Who are the top competitors of Sugarmate?
Sugarmate's top competitors include BeatO, Glooko and Health2Sync.
What products or services does Sugarmate offer?
Sugarmate offers Sugarmate App and Data Visualization Tools.
Who are Sugarmate's investors?
Sugarmate has 1 investor. Key investors include Tandem Diabetes.