Proceeds to accelerate U.S. commercial expansion and support further development of its innovative digital neurotherapeutics platform for gait rehabilitation and fall prevention.
ROCKVILLE, Md., Feb. 7, 2023 /PRNewswire-PRWeb/ -- GaitBetter, a digital neurotherapeutics company, announced today 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 U.S. healthcare market and further develop its state-of-the-art motor-cognitive virtual reality (VR) intervention for gait rehabilitation and fall prevention.
Backed by eight clinical trials and more than 20-peer reviewed publications, GaitBetter uses gamification and semi-immersive VR to simulate motor-cognitive challenges that patients experience in everyday life. Clinically proven 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, CEO 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 U.S."
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 or experience it yourself, visit GaitBetter at Booth #2943 at the 2023 American Physical Therapy Association (APTA) Combined Sections Meeting (CSM) on February 23-25th in San Diego.
About GaitBetter
GaitBetter is a leading digital neurotherapeutics company providing virtual reality (VR) motor-cognitive therapy for gait rehabilitation, fall prevention, and early detection of neurodegenerative diseases. Backed by more than 20 peer-reviewed publications, GaitBetter's VR motor-cognitive platform accelerates patient outcomes and reduces fall risk by 70%. Harnessing AI, gamification and VR, GaitBetter provides personalized neurotherapeutic training via virtual simulation of motor-cognitive challenges in everyday life. This unique dual-tasking approach enhances brain functions that lead to improved cognition, better, steadier, and safe walking and improved self-confidence. To learn more, visit https://www.gaitbetter.com/.
Media Contact
Hilik Harari, GaitBetter, 972 544828219, [email protected]
SOURCE GaitBetter
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