In a latest round of funding, Huma Therapeutics Limited raised $130 million. Leaps by Bayer and Hitachi Ventures led the Series C funding round, which also saw new strategic and financial investors become shareholders. Samsung Next, Sony Innovation Fund by IGV*, Unilever Ventures, and HAT Technology & Innovation Fund by HAT, as well as individuals Nikesh Arora (former president of SoftBank) and Michael Diekmann (Chairman of Allianz) are also new shareholders.
The investment will scale Huma’s modular platform which can power digital ‘hospitals at home’ nationally, and support the pharmaceutical and research industries to run the largest ever decentralized clinical trials. Huma’s platform combines predictive algorithms, digital biomarkers, and real-world data to advance proactive care and research.
According to sources, a further commitment of $70 million that can be exercised at a later date has also been agreed as part of the Series C funding round .HSBC Bank plc± and Nomura acted as joint placement agents, with the latter also becoming a shareholder.
The new investment will be used to expand Huma’s digital platform in the US, Asia, and the Middle East.
Huma has established a reputation as trusted health technology and innovation partner to four national governments (England’s NHS, Wales, Germany, and UAE). Its digital ‘hospital at home’ was co-created with clinicians and has been independently shown to almost double clinical capacity, reduce hospital readmissions by over a third, and has patient adherence levels of over 90%.
The service is supporting governments’ pandemic responses on a not-for-profit basis and is now used for a range of patients including those going through knee- and hip-replacement surgery e.g. with Smith+Nephew. Huma advanced its work in the US in 2021 with an experienced leadership team that has fostered new partnerships with clinical research organizations, health care providers, payers, research organizations, and technology companies.
Huma works with leading life science companies including AstraZeneca, Bayer and Janssen and academic institutions such as Stanford Medicine, the Johns Hopkins Bloomberg School of Public Health and the University of Cambridge.
Dan Vahdat, Founder and CEO of Huma, said, “This is a pivotal moment in Huma’s development. We have exceptional partners and strategic investors who will support us in our mission to help people worldwide live longer and fuller lives. We’re already demonstrating how ‘hospital at home’ can transform healthcare, and how decentralized clinical trials can advance research in ways that weren’t imaginable even one year ago. Now we want to accelerate the pace of change and continue to innovate for better care and research worldwide.’’
