Digital musculoskeletal care startup Upswing Well being introduced final week it had scored $5 million in seed funding.
Contributors 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 might assist. If their harm or situation is extra extreme, sufferers can seek the advice of nearly with well being coaches who’re often licensed athletic trainers.
Sufferers may also entry telehealth appointments with orthopedic physicians and obtain referrals to in-network specialists, surgeons or imaging suppliers if obligatory.
WHAT IT’S FOR
The MSK startup will use the funding to gasoline progress and rent new management positions in addition to velocity product growth, advertising and marketing and gross sales to new companions.
“This profitable funding spherical displays traders’ collective confidence within the innovation Upswing Well being has dropped at market and its future as a a lot bigger enterprise,” CEO Yenvy Truong mentioned in a press release.
“We had been delighted to seek out ourselves oversubscribed and in a position to increase the providing. The capital raised will assist us proceed to ship fast entry to the very best high quality of care whereas decreasing wasted time and assets.”
MARKET SNAPSHOT
There are a selection of digital MSK and bodily remedy startups elevating funds, whereas platform digital well being firms are additionally coming into the more and more aggressive area.
Main gamers Hinge Well being and SWORD Well being each held a number of financing rounds final yr, some value 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 yr. It additionally entered into an settlement in January to purchase Physimax, an organization that gives AI-enabled motion evaluation and harm prevention.
One other platform firm, Omada, entered the MSK area with its 2020 buy of Physera.
Different firms embody RecoveryOne, which just lately launched its personal laptop imaginative and prescient software that traces movement and provides suggestions, Kaia Well being, which raised $75 million in Sequence C funding a couple of yr in the past, and SpineZone, which closed a $12 million Sequence A in February 2021.