[Taipei, Taiwan, June 4]- iWEECARE, a Taiwan-based healthtech startup, has raised US$1 million in Pre-Series A funding, led by Singapore-based Verge HealthTech Fund, alongside Taiwan/US-based Translink Capital and Darwin Venture. The company also just received regulatory approval to market its flagship product, Temp Pal®, the world’s smallest smart thermometer, in both the EU and Taiwan. These two milestones will ensure that the product will soon be available to both consumers and hospitals across Europe and Asia.
Temp Pal® is a comprehensive and convenient wireless body temperature tracking solution that offers real-time monitoring combined smart alerts, seeking to disrupt a market forecasted to reach US$1.5 billion by 2025 currently dominated by digital pen and in-ear thermometers. It is a patented stamp-sized soft flexible patch that packs a high-performance temperature sensor, customized thin battery that lasts 2-3 days, and a Bluetooth® radio. Temp Pal® stands out from other smart thermometers in two key ways – size and accuracy. The 1.1 x 1.0 x 0.1-inch patch weighs only 3 grams, offering unparalleled comfort; and it is accurate to less than 0.05°C (0.9°F), verified and validated via an accredited third-party laboratory, allowing clinical grade body temperature measurement.
The soft, flexible and small patch transmits body data to a secure cloud via its own mobile app, generating real-time charts and alerts as needed. The wearable solution can also be applied in hospitals and clinics, allowing faster health care decisions to be made, and saving precious healthcare staff time by offering centralized tracking and analytics from multiple devices.
The idea of Temp Pal® came from iWEECARE’s CEO, Glen Tseng. He and his wife had personally encountered the inconvenience of recording basal body temperature manually every day and became determined to find a better way without compromising accuracy. After five years of R&D and perseverance from both Glen and his team, Temp Pal® was born. The made-in-Taiwan product has already been used in studies across several hospitals, baby centers and elder care institutions in Taiwan.
“It is also crucial to real-time continuous monitor body temperature for infants, patients and couples who plan to be pregnant. Traditional thermometers rely on human behavior and efforts to test periodically, resulting in interruptions of quality of life and ambiguous health care decisions. Our company hope to address the issues with a friendly and comfortable solution,” said Tseng.
For more information on Temp Pal®, please visit iweecare.com
Founded in Taiwan, iWEECARE leverages Taiwan’s strengths in technology and healthcare manufacturing to develop new health technology innovations. Its first product, Temp Pal®, offers consumers the world’s smallest and most convenient smart thermometer solution.