Augment Therapy, Medmo
Augment Therapy raises $2.7 million to back its gamified approach to exercise
Augment Therapy®, a digital health company enhancing rehabilitative healthcare through immersive and gamified technology, announced today that it has completed a Seed Plus fundraising round of $2.7 million from existing and new investors. The fundraise will support the company in growing the product line, deepening research validation, and increasing market traction.
Augment Therapy’s augmented reality exercise technology can be used in various settings, from pediatric children’s hospitals servicing inpatient and outpatient care, to adult rehabilitation, and skilled nursing facilities to the home for general wellness users. The company's applications include ARWell PRO, intended for healthcare providers and their patients, and ARWell, for general wellness exercise with no prescription required.
The company raised a total of $2.7 million from existing and new investors including BlueTree Capital Group; CareSource; The Healthcare Collaboration Fund, jointly managed by JumpStart and University Hospital Ventures; VisionTech and various angel investors.
Augment Therapy® is an award-winning digital health company that engages people of all ages and ability levels in immersive, gamified exercise from hospital to home. The company's applications include ARWell PRO, intended for healthcare providers and their patients, and ARWell, for general wellness exercise with no prescription required. Leveraging MOCAST®, the company’s proprietary technology, ARWell and ARWell PRO offer a unique combination of full-body skeletal tracking and augmented reality-based games and exercises accessible for healthcare providers, their patients, and wellness users to extend outside of the healthcare experience. Utilizing a tablet or phone, ARWell products improve the exercise experience and offer healthcare providers a solution to better engage their patients while easily monitoring progress at any time. Valuable user data and analytics are built into both products. ARWell PRO has received SOC 2® Type 2 approval and is COPPA and HIPAA compliant.
Augment Therapy was co-founded by CEO, Lindsay Watson, a physical therapist with over 20 years of experience and CTO, Steve Blake, a 30-year medical and tech-education software expert. Incorporated in 2018, Augment Therapy is headquartered in Cleveland, Ohio. In 2023, Augment Therapy was selected as a finalist for AWE’s Auggie Awards, the most recognized AR & VR industry awards and a quarterfinalist for the Digital Health Awards recognizing the achievements of innovative health tech companies improving healthcare. Augment Therapy was also the recipient of the prestigious Unity for Humanity award in 2022.
https://worldbank.einnews.com/amp/pr_news/669784528/digital-health-start-up-augment-therapy-closes-2-7-million-seed-plus-investment-round
Medmo Secures $9M to Streamline Medical Imaging
Medical imaging plays a crucial role in healthcare, encompassing preventive care, diagnosis, and treatment. However, the current operational model in the market is outdated, expensive, and poses challenges for both patients and healthcare providers. Consequently, nearly 40 percent of imaging orders face delays or remain incomplete, resulting in compromised patient outcomes, diminished quality scores for providers, and missed appointments at imaging centers. Medmo addresses these issues by empowering all stakeholders to take charge of the care journey through the seamless scheduling of various imaging exams such as MRIs, CTs, Mammograms, Ultrasounds, and X-Rays.
Medmo seamlessly integrates into existing healthcare systems’ workflows, demonstrating its practical effectiveness across diverse healthcare settings. It consistently achieves improved patient outcomes, bridges gaps in care, and contributes to an overall reduction in healthcare costs. The company has expanded its reach nationwide, providing support to a broad spectrum of clients, ranging from traditional primary care groups to large multi-specialty health systems and virtual health groups.
“Medical imaging is especially challenging to coordinate and contains additional layers of complexity for both patients and providers. Providers often lose visibility once a patient leaves the office, while their staff spend time tracking down critical information by phone and fax,” said Lucas Takahashi, co-founder and CEO of Medmo. “Our platform facilitates the process from start to finish, allowing providers to track patient journeys and close the loop on care. This leads to better patient outcomes and less administrative burden on staff.”
