Longevity Science Company Human Edge Raises $1.5 Million From Bharat Innovation Fund And Other Investors
On Wednesday, the longevity science firm Human Edge announced that it had secured fresh equity financing totalling more than $1.5 million. Bharat Innovation Fund, Lead Angels, Force Ventures, as well as a number of strategic angel investors from Singapore, the United States, and India, led the investment.
With the investment, Human Edge will be able to optimise their platform and launch its first enterprise-wide mobile app specifically for white-collar employees. The business will also increase sales in the global market by focusing on multinational corporations. In this process, Ashika Capital was an advisor to Human Edge.
Human Edge, a firm founded by Dr. Marcus Ranney in late 2020, takes a scientific, data-driven, and technologically based lifestyle approach to enhance�life expectancy. The business generated positive revenue in their first year and is currently on target to increase revenues this fiscal year by 4-5 times. In order to encourage people to change their lifestyles in a way that maximises their energy levels in order to achieve a particular health outcome, Human Edge is building a proprietary platform.
The Human Edge platform, which combines assessments, blood panels, and real-time digital streams from wearable consumer technology like the Oura ring, Abbott's Continuous Glucose Monitor, Apple Watch, Fitbit band, and many more, offers individualised service based on user data sharing. The "Human Edge Index" is a composite healthspan score that is created by combining this data.
Ashwin Raguraman, co-founder and partner of Bharat Innovation Fund, said that Human Edge's technology "enables us to properly understand that data and presents each of us with a clear call to action on that data, to improve our metabolic health and overall well-being."
According to Dr. Marcus Ranney, founder and CEO of Human Edge, "We, at Human Edge, opted to focus on energy as each of us would like to optimise our energy levels each day to reach the goals we set out for ourselves."
"From a biological standpoint, energy consumption and production are essential for maintaining the health of our cells. Understanding of the condition of the cell's powerhouse, the mitochondria, is expanding, and it is being connected to the development of chronic disorders including metabolic syndrome and cardiovascular diseases. By increasing mitochondrial activity through energy optimization, we can support a person's lifelong healthy lifestyle.
At over $15 billion, the global biohacking market is now predicted to develop at a CAGR of 19%. Additionally, the rapidly expanding wearables market, which is expected to be worth well over $100 billion in 2021, fosters an ecosystem that enables Human Edge to offer individuals deep insights based on their own real-time health data collected from such wearables, allowing them to customise their health journeys.