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Tula Health raises $24.1 million, valuation rises to $187 million

Utah Business Tula Health, with offices in Farmington and Ogden, Utah, recently raised $24.1 million in debt and equity financing from two venture firms, Springtide Ventures, and Sandbox Capital Advisors. Springtide is a health tech venture firm based in Utah and Boston, and Sandbox Capital Advisors is based in Salt Lake City, Utah. Tula Health creates behavioral change guidance via on-call support, and supporting hardware and software, shown below, to help their customers manage chronic health conditions such as type 2 diabetes currently the company’s primary focus. Customers receive a smartphone with an FDA-approved glucometer built-in, along with a smartwatch and supplies for glucose testing. A health coach uses the information received from these devices to help customers track and regulate their blood sugar levels. 

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