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§ Private Profile · San Diego, CA, USA
Develops wearable medical devices for real-time medication monitoring, enabling personalized dosing for opioid use disorder.
Founded in 2015 by Patrik Schmidle, CARI Health is based in San Diego, California, and develops wearable remote medication monitors that provide real-time reporting on drug levels to help clinicians customize patient dosages. The medical device company primarily focuses on enabling personalized dosing for individuals receiving methadone treatment for opioid use disorder. Operating with approximately five employees, the enterprise has secured roughly $9.5 million in total capital to support product development, clinical studies, and regulatory approval. This financing includes over $7 million in grants from the National Institute on Drug Abuse alongside $2.5 million in equity backing from investors such as NuFund Venture Group, the Rady Venture Fund, and the San Diego Angel Conference. Prior to its current clinical phase, the startup was housed at the UC San Diego Qualcomm Institute from 2015 to 2020.
CARI Health has raised $5.1M across 2 funding rounds.
CARI Health has raised $5.1M in total across 2 funding rounds.
CARI Health has raised $5.1M in total across 2 funding rounds.
CARI Health's investors include National Institute on Drug Abuse, Mysty Rusk, Chemical Angel Fund, Cove Fund, Device of Tomorrow Capital, NuFund Venture Group.
CARI Health has raised $5.1M across 2 funding rounds. Most recently, it raised $2.8M Grant in October 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 25, 2023 | $2.8M Grant | National Institute ON Drug Abuse | — | Announced |
| Jan 10, 2023 | $2.3M Seed | Mysty Rusk | Chemical Angel Fund, Cove Fund, Device OF Tomorrow Capital, NuFund Venture Group | Announced |