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AR MedTech firm Augment Therapy raises USD 2.7 million in seed plus funding to expand product line
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Nov 20, 2023
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Extended Reality

Extended Reality

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Nov 20, 2023

AR MedTech firm Augment Therapy raises USD 2.7 million in seed plus funding to expand product line

Funding

  • AR MedTech firm Augment Therapy raised USD 2.7 million in a seed plus funding round from existing and new investors, including BlueTree Capital Group, CareSource, VisionTech, and various angel investors.

  • The funds will be used to expand Augment Therapy's product line, improve research validation, and bolster market traction.

  • Augment Therapy specializes in immersive and gamified technology for rehabilitative healthcare, backed by full-body skeletal tracking. Its products include ARWell PRO, which caters to healthcare providers and patients, and ARWell, which caters to general wellness exercises. 

  • Analyst QuickTake: Other XR MedTech companies that recently raised funding include apoQlar in July 2023 (for its medical mixed reality software), Augmedics’ USD 82.5 million Series D funding in June 2023 (to scale its AR surgical guidance solutions), and Medivis’ USD 20 million Series A funding in June 2023 (to obtain regulatory approval for its AR surgical imaging platform).

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