What is Augment Therapy?
Augment Therapy is a pioneering digital health company developed by a team of doctors and therapists. They have created an augmented reality application delivered through a mobile platform, designed to enhance the engagement and effectiveness of therapeutic exercises. By leveraging immersive technology, Augment Therapy aims to transform traditional rehabilitation and physical therapy, making the process more interactive and motivating for patients. This innovative solution addresses a critical need for improved patient adherence and outcomes in therapeutic interventions.
How much funding has Augment Therapy raised?
Augment Therapy has raised a total of $2.4M across 2 funding rounds:
Angel/Seed
$1.4M
Other Financing Round
$1M
Angel/Seed (2021): $1.4M with participation from VisionTech Partners, KidsX Investor Network, BlueTree Allied Angels, and Next Act Fund
Other Financing Round (2023): $1M led by CareSource
Key Investors in Augment Therapy
CareSource
CareSource is a national leader in managed care, operating one of the nation's largest Medicaid managed care plans and offering a wide range of health insurance programs. Their investment in Augment Therapy suggests a strategic interest in innovative healthcare solutions that improve patient well-being and engagement.
VisionTech Partners
VisionTech Partners is a Midwest-based angel investing network that focuses on early-stage and early-growth startup companies. Their involvement indicates a belief in Augment Therapy's potential for significant growth and market disruption.
BlueTree Allied Angels
BlueTree Allied Angels is a regional group of accredited investors that invests in early-stage companies, aiming to mitigate investment risk through pooled resources and expertise. Their participation highlights Augment Therapy's promising early-stage development and market potential.
What's next for Augment Therapy?
With the recent infusion of capital, Augment Therapy is poised to scale its operations and further develop its augmented reality therapeutic platform. The company's focus on making therapeutic exercises more engaging suggests a strategic direction towards expanding its digital therapeutics offerings and potentially entering new clinical areas. Future growth will likely involve enhancing the app's features, broadening its reach to more healthcare providers and patients, and solidifying its position as a leader in innovative rehabilitation technology. The company's enterprise-level funding context points towards a mature stage of development, with an emphasis on market penetration and sustainable revenue generation.
See full Augment Therapy company page
