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Chrono raises $32M to develop its ‘stop smoking’ bracelet

Image Credit: Chrono Therapeutics

Chrono Therapeutics‘ wearable, called SmartStop, injects a tiny bit of nicotine into the wearer’s bloodstream at timed intervals.

In this way it’s similar to the patch, but SmartStop gives the wearer some control over when that happens. Timing the introduction of the nicotine can help the user deal with cravings, the company says.

And some big names in the venture capital and healthcare world believe it. Waltham, Mass.-based Chrono said today it’s taken a sizable $32 million funding round to further develop the device.

The funding round was led by Canaan Partners and 5AM Ventures, with Fountain Healthcare PartnersMayo Clinic, and GE Ventures also participating.

Chrono says it will use the funds to complete product development and clinical studies for the company’s “SmartStop programmable transdermal drug delivery system and real-time behavioral support program for smoking cessation.”

Wende Hutton, general partner with Canaan Partners, Jim Young of 5AM Ventures and Aidan King of Fountain will join Chrono’s board of directors.

Previous to the current funding round, Chrono was operating with the help of $500,000 in debt financing.

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15 comments
Eddie Lee
Eddie Lee

This is a weird direction I hope health + tech doesn't go crazy down this path Jon Song cool tho

Rafael Kireyev
Rafael Kireyev

I think that the problem of smoking cessation should be addressed directly to the smoker's mind. Another thing is that this system may be useful for the elderly, who often forget to take their medications. That's what I would call a real smartwatch which is able to treat.



Rafael Kireyev
Rafael Kireyev

I think that the problem of smoking cessation should be addressed directly to the smoker's mind. Another thing is that this system may be useful for the elderly, who often forget to take their medications. That's what I would call a real smartwatch which is able to treat.

Khalel Dumas
Khalel Dumas

Stop smoking by injecting nicotine in your bloodstream which keeps you addicted to smoking in the first place... Just swapping out one habit for another

Fangfei Xie
Fangfei Xie

It'd be a better value proposition if used for birth control.

Paul Fox
Paul Fox

Cool! Now people can spend even more money on not quitting smoking!

Istvan Poedoer
Istvan Poedoer

so I was a smoker for 15 years, I read the Allen Carr easy way to quit smoking and I not just stopped, but I actually enjoyed doing it. How you want to stop a drug addiction by injecting the drug into your veins?