Fenwick Represents Omada Health in $50 Million Financing

Fenwick & West represented Omada Health, a digital behavioral medicine company that inspires and enables people to change the habits that put them most at risk for chronic conditions, in its $50 million financing. Cigna led the latest round with participation from new investors Civilization Ventures and Sanofi Genzyme BioVentures and existing investors U.S. Venture Partners, Andreessen Horowitz, Norwest Venture Partners, Humana, Kaiser Permanente Ventures, Providence Ventures, dRx Capital and GE Ventures.

In addition to leading the round, Cigna will also expand its non-exclusive commercial partnership with Omada, adding the Omada Program to Cigna’s suite of health improvement services.

The Fenwick transaction team was led by corporate lawyers Michael Esquivel, Ryan McRobert and Noah Johnson; and technology transactions lawyer Stefano Quintini.