SweetSpot Diabetes Care, Inc. Raises Initial Funding

PORTLAND, Ore., Sept. 7 /PRNewswire/ -- SweetSpot Diabetes Care, Inc. closed a round of initial financing from individuals including a leading diabetes device innovator and several successful entrepreneurs, it announced today.

"It's gratifying to find investors who believe in what you are doing, especially in today's environment. We ended up with a mix of Portland and Silicon Valley-based entrepreneurs I could not have more respect for," said SweetSpot Diabetes CEO Christopher Logan.

Investor Dick Sass is founder and former CEO of iSense, which developed a minimally invasive continuous glucose monitor to help people with diabetes live longer and better.  iSense was acquired by Bayer Healthcare's Diabetes Care Division in 2008.  Mr. Sass' previous company microHelix went public in 2001.

Also participating in the funding are Bill Trenchard and Alan Lefkof. Bill Trenchard is CEO of Readyforce, a venture-funded startup in Menlo Park, CA focused on demand labor. He was previously CEO of LiveOps and a managing director at idealab!. He also founded and served as CEO of Jump Networks, Inc., which was acquired by Microsoft Corporation in 1999.  

Alan Lefkof serves as a Corporate VP and General Manager at Motorola and was formerly CEO of Netopia, which was purchased by Motorola in 2007.  Mr. Lefkof joins the SweetSpot Diabetes Board of Directors.

"SweetSpot has a great opportunity to build a profitable business while improving the lives of Diabetes patients," said Alan Lefkof. "I am really pleased to be involved in a company that will help us address one of our largest healthcare challenges by improving the efficiency and quality of care for millions of people."

About SweetSpot Diabetes

SweetSpot Diabetes is a health data company focused on improving the use of data in the treatment of diabetes.  SweetSpot specializes in turning raw output from patient devices into powerful information for researchers, health care providers and patients. In clinics or from home SweetSpot performs all data extraction and analysis, relieving frustration with multiple interfaces, drivers and data formats.

SOURCE SweetSpot Diabetes Care, Inc.

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