Digital musculoskeletal care startup Upswing Well being introduced final week it had scored $5 million in seed funding.
Individuals within the spherical included Montage Ventures, Connecticut Improvements, WTI, Ikigai Healthcare Fund and different strategic traders.
WHAT IT DOES
Upswing affords a web-based symptom checker the place customers can describe their ache in a questionnaire and obtain train suggestions that would assist. If their damage or situation is extra extreme, sufferers can seek the advice of just about with well being coaches who’re often licensed athletic trainers.
Sufferers may entry telehealth appointments with orthopedic physicians and obtain referrals to in-network specialists, surgeons or imaging suppliers if needed.
WHAT IT’S FOR
The MSK startup will use the funding to gas progress and rent new management positions in addition to pace product improvement, advertising and marketing and gross sales to new companions.
“This profitable funding spherical displays traders’ collective confidence within the innovation Upswing Well being has delivered to market and its future as a a lot bigger enterprise,” CEO Yenvy Truong mentioned in an announcement.
“We have been delighted to search out ourselves oversubscribed and in a position to develop the providing. The capital raised will assist us proceed to ship fast entry to the best high quality of care whereas decreasing wasted time and sources.”
MARKET SNAPSHOT
There are a selection of digital MSK and bodily remedy startups elevating funds, whereas platform digital well being firms are additionally getting into the more and more aggressive area.
Main gamers Hinge Well being and SWORD Well being each held a number of financing rounds final 12 months, some price 9 figures. Each firms additionally just lately expanded into feminine pelvic well being and ache.
DarioHealth, which additionally affords continual situation administration instruments for hypertension, diabetes and weight, launched its personal MSK program in October after it acquired 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 evaluation and damage prevention.
One other platform firm, Omada, entered the MSK area with its 2020 buy of Physera.
Different firms embrace RecoveryOne, which just lately launched its personal pc imaginative and prescient device that traces movement and offers suggestions, Kaia Well being, which raised $75 million in Sequence C funding a few 12 months in the past, and SpineZone, which closed a $12 million Sequence A in February 2021.
