The deal brings Casana’s total capital raised to $46 million.
Morningside led the Series B fundraise, with Matrix, General Catalyst, Outsiders Fund and a large vertically-integrated health care provider participating. “This is far and away more money into toilet seats than anyone has ever dedicated in history,” the company’s chief executive officer, Austin McChord, tells Axios.New York-based Casana plans to submit its vitals-collecting latrine to the Food and Drug Administration for approval as a class two medical device in the first half of this year, McChord tells Erin.It's unclear what the payment model for something like this would look like.
Other examples of covered home blood pressure monitoring tools include those ordered by a doctor for single-use ambulatory blood pressure monitoring and for people who receive kidney dialysis at home — not quite the same kind of technology as a toilet seat meant for daily use.Casana’s seat underscores the rising importance of ambient sensors that fade into the background while you take care of other business.
"What I like about it is its passive monitoring," says Michael Snyder, director of the Stanford Center of Genomics and Personalized Medicine. "That’s a real plus."
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