Digital musculoskeletal care startup Upswing Well being introduced final week it had scored $5 million in seed investment.
Contributors within the spherical integrated Montage Ventures, Connecticut Inventions, WTI, Ikigai Healthcare Fund and different strategic traders.
WHAT IT DOES
Upswing provides a web based symptom checker the place customers can describe their ache in a questionnaire and obtain workout suggestions that would assist. If their harm or situation is extra critical, sufferers can seek the advice of just about with well being coaches who’re normally qualified athletic running shoes.
Sufferers too can get entry to telehealth appointments with orthopedic physicians and obtain referrals to in-network consultants, surgeons or imaging suppliers if important.
WHAT IT’S FOR
The MSK startup will use the funding to gasoline expansion and rent new management positions in addition to pace product construction, advertising and marketing and gross sales to new companions.
“This a hit investment spherical displays traders’ collective self assurance within the innovation Upswing Well being has delivered to marketplace and its long term as a miles greater trade,” CEO Yenvy Truong stated in a commentary.
“We have been extremely joyful to search out ourselves oversubscribed and ready to increase the providing. The capital raised will assist us proceed to ship speedy get entry to to the very best quality of care whilst decreasing wasted time and assets.”
MARKET SNAPSHOT
There are a number of digital MSK and bodily remedy startups elevating budget, whilst platform virtual well being firms also are getting into the an increasing number of aggressive house.
Main gamers Hinge Well being and SWORD Well being each held a couple of financing rounds final 12 months, some price 9 figures. Each firms additionally lately expanded into feminine pelvic well being and ache.
DarioHealth, which additionally provides continual situation control equipment for high blood pressure, diabetes and weight, introduced its personal MSK program in October after it bought Upright Applied sciences early final 12 months. It additionally entered into an settlement in January to purchase Physimax, an organization that provides AI-enabled motion overview and harm prevention.
Some other platform corporate, Omada, entered the MSK house with its 2020 acquire of Physera.
Different firms come with RecoveryOne, which lately introduced its personal pc imaginative and prescient instrument that lines movement and offers comments, Kaia Well being, which raised $75 million in Collection C investment a couple of 12 months in the past, and SpineZone, which closed a $12 million Collection A in February 2021.
