GaitBetter completed a financing round that will allow the company to expand its VR therapy technology in the US healthcare market.
GaitBetter, a digital neurotherapeutics company, announced the successful closing of its bridge financing round. The round was led by eHealth Ventures and included participation from Dreamit Ventures, KT Squared, MindUP, and AARP.
The proceeds will be used to expedite commercial expansion in the US healthcare market and further develop its motor-cognitive virtual reality (VR) intervention for gait rehabilitation and fall prevention.
The company uses gamification and semi-immersive VR to simulate motor-cognitive challenges that patients experience in everyday life.
Designed to accelerate more positive outcomes and reduce falls by over 70%, GaitBetter’s innovative solution enables clinicians to tailor therapy intensity and specificity to the unique needs of their patients.
“We are thrilled to have the support of such esteemed investors as eHealth Ventures, Dreamit Ventures, KT Squared, MindUP, and AARP in this round of financing,” said Hilik Harari, chief executive officer of GaitBetter. “This funding together with The American Medical Association’s decision to issue a new CPT code covering GaitBetter’s intervention, strongly positions GaitBetter to accelerate adoption of our advanced motor-cognitive system to now benefit more patients in the US.”
GaitBetter’s affordability and ease of use allows it to be installed in a wide variety of settings, including inpatient rehabilitation centers, outpatient physical therapy clinics, senior centers, gyms/fitness centers, and senior living communities.
To learn more, visit GaitBetter at Booth #2943 at the 2023 American Physical Therapy Association Combined Sections Meeting on February 23-25 in San Diego, California.
Photo courtesy of GaitBetter