Diabetes is a major health problem and the seventh leading cause of death in the U.S. According to a new report from the Centers for Disease Control and Prevention, more than 100 million adults are living with diabetes or prediabetes. The data, from 2015, show 30.3 million Americans, or 9.4% of the population, with diabetes and another 84.1 million with prediabetes — many unaware they had the disease or were at risk becoming diabetic.

While a lot of venture funding has targeted type 2 diabetes, not much has been raised for companies attempting to tackle type 1 diabetes, which is an autoimmune disorder.

Bain Capital Managing Director Sean Doherty is leading an effort to channel investment dollars into companies focused on type 1 diabetes, Axios reported. Since launching in 2015, the venture philanthropy fund has raised $50 million and backed six firms.

Read the source article at Healthcare and Health IT News