NAVER D2SF Backs GravityLabs to Transform Healthcare Engagement
NAVER D2SF's Investment in GravityLabs
NAVER D2SF has announced a strategic investment in GravityLabs, a pioneering healthcare startup focused on empowering users to develop lasting healthy habits. With the introduction of its platform, GravityLabs is reshaping the landscape of health management by making daily health activities rewarding.
Overview of MoneyWalk
GravityLabs operates a groundbreaking global healthcare platform known as MoneyWalk, which effectively engages users for over 30 minutes a day. This innovative approach not only promotes healthy habits but also generates a wealth of valuable health data, setting it apart from conventional healthcare applications that often struggle with user retention.
Engagement and Retention
By implementing a unique Walk-to-Earn (W2E) system, GravityLabs incentivizes users to stay active, evolving into a comprehensive Health-to-Earn (H2E) ecosystem. Users can benefit from an AI-powered health camera that facilitates the easy measurement of vital health metrics right from their smartphones. Furthermore, the integration with national health databases enhances the reliability of personal health record management.
Growth and Reach
Since its inception, MoneyWalk has quickly garnered attention, boasting over 1.3 million monthly active users across 111 nations. The app has achieved remarkable success in global markets, including a prominent ranking in Japan's healthcare category, where it surged to the eighth position despite minimal local marketing efforts. Interestingly, around 40% of its user base is derived from international markets, notably from Japan and the United States.
Future Plans and Collaborations
Building on its initial success, GravityLabs has ambitious plans to penetrate data-driven healthcare ventures through collaborations with insurers, contract research organizations (CROs), and public entities. As Yang Sang-hwan, head of NAVER D2SF, emphasizes, the goal is to leverage the growing importance of personalized health records (PHR) in healthcare, creating meaningful partnerships with NAVER's healthcare services.
NAVER D2SF's Commitment to Healthcare Investments
Since 2017, NAVER D2SF has actively invested in a range of healthcare startups, with a notable 18% of its investment portfolio focused on this sector. Among its highlighted investments are innovative companies like PranaQ, which specializes in AI-driven sleep technology, Nuvilab, known for its food nutrition analysis using AI, and Monitor Corporation, which offers medical AI solutions.
About NAVER
NAVER, established in 1999, stands as Korea's largest Internet entity and a prominent player in the global tech arena. With a diverse portfolio that includes the No. 1 search engine in Korea, NAVER proudly encompasses various domains: commerce, fintech, cloud computing, artificial intelligence, and robotics. Its global online service offerings extend to LINE mobile messenger, Webtoon and Webnovel publishing, the SNOW video camera application, and the ZEPETO metaverse platform.
In the latest financial reports, NAVER posted sales of KRW 10.74 trillion (approximately USD 7.5 billion) in the previous year. TEAM NAVER is committed to enhancing its business portfolio while expanding its influence in Japan, North America, and Europe through ongoing innovation and research in future technologies.
Frequently Asked Questions
What is GravityLabs?
GravityLabs is a healthcare startup focused on helping individuals cultivate healthy habits through their innovative platform MoneyWalk.
How does MoneyWalk engage users?
MoneyWalk engages users by incentivizing daily health activity, promoting the development of sustainable healthy habits.
What metrics does GravityLabs track?
GravityLabs utilizes an AI-powered health camera to measure vital signs such as blood pressure, heart rate, and heart rate variability.
What is NAVER D2SF's role in the healthcare sector?
NAVER D2SF actively invests in healthcare startups, seeking to foster innovations that can significantly impact the health and wellness landscape.
When was NAVER founded?
NAVER was founded in 1999 and has since grown to be one of the largest Internet companies in Korea.
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