Best Buy to Distribute TytoCare’s Home Testing Kit in the U.S.

Israel-based digital stethoscope startup TytoCare Ltd. has signed an exclusive distribution agreement with American consumer electronics company Best Buy Co. Inc. for its home testing kit, the company announced Wednesday. Best Buy has agreed to purchase a large number of the kits, which will be available on its website and also in some of the company’s U.S. stores.

For daily updates, subscribe to our newsletter by clicking here.

 

Founded in 2011 by Dedi Gilad and Ofer Tzadik, TytoCare develops a mobile system for remote medical testing and diagnosis that allows for accurate long-distance interaction between doctor and patient, and for online diagnosis based on real-time tests conducted by a digital stethoscope.

The agreement with Best Buy includes partnerships with American healthcare companies that will be providing the required medical support for the device, told Calcalist Eyal Baum, TytoCare’s director of strategic accounts.

TytoCare previously raised $53 million from investors including Tokyo-based trading company Itochu Corporation, U.S.-based healthcare company Sanford Health, Chinese venture firm Shenzhen Capital Group, China’s largest insurer, Ping An Insurance Group Co of China Ltd., and American pharmacy chain Walgreens.