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Life Sciences Series B Founded 2010

RxFunction

RxFunction provides wearable prostheses for people with sensory peripheral neuropathy. It develops advanced balance technology solutions, aiming to aid patients with loss of balance. The product consists of a leg unit and a footpad (insoles). The product's insoles measure the patient's foot pressure and provide real-time tactile sensory cues to help control balance and stability. The company operates in the…

📍 Minneapolis, United States · Neurology,

Funding snapshot

Last roundSeries B
Amount$5M
Date27 October 2022
Total raised$40M
Team size88

About

RxFunction provides wearable prostheses for people with sensory peripheral neuropathy. It develops advanced balance technology solutions, aiming to aid patients with loss of balance. The product consists of a leg unit and a footpad (insoles). The product's insoles measure the patient's foot pressure and provide real-time tactile sensory cues to help control balance and stability. The company operates in the Neurology sector with additional focus on Wearable Technology and Wearable Technology. Its business model centers on Healthcare. Founded in 2010, headquartered in Minneapolis, United States. The company has raised $39.9M at the Series B stage. Backed by investors including Cedar Point Capital, HHS.

Business model

Haptic Technology > Applications > Healthcare,

Wearable Technology > Health and Wellness Devices > Rehabilitation,

Neurology > Medical Devices > Therapeutic Devices > Peripheral Neuropathy

Institutional investors

Cedar Point Capital HHS

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