French startup FeetMe, maker of a wearable device to track gait and posture, landed €9.4 million ($10.3 million) in Series A funding. LBO France led the round with participation from Kurma Diagnostics, Paris Saclay, Idinvest Partners, Seventure and SOSV.
This comes two years after the company raised its initial $2.28 million in seed funding, which was led by Kurma Diagnostics.
WHAT THEY DO
The company takes a multipronged approach to gathering insights about a user’s gait. FeetMe’s sensor comes in the form of a shoe insole and includes both pressure and motion sensing technology. The system is also outfitted with an algorithm to help analyze a person’s walk.
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The sensors can be used in gait evaluation and in rehabilitation services. It can also be used to help stimulate modality. The sensors come with a corresponding app, tailored to either evaluations or rehab, which helps the end users visualize the user’s mobility. The company also has a dashboard that lets doctors and caregivers see the progress of the user.
The technology can be used to monitor disorders associated with disease including multiple sclerosis, Parkinson’s disease and diabetic foot problems.
WHAT IT’S FOR
This latest funding round will support the company’s as it fosters commercial activities in clinical trials and bolsters its healthcare services for hospitals and rehab facilities.
Source: Mobihealth News
