Physiatry platform developer Spry has snapped up $3 million in seed funding, a round led by India-focused venture capital fund Together Fund.
The investing bout also drew participation from FJ Labs, Pareto, Knowledge Capital, AngelList, and Whiteboard Capital.
WHAT IT DOES
Founded in March this year, the startup offers a full-stack digital platform in the movement health space, which includes physiatry or physical medicine and rehabilitation and physical therapy.
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Its cloud-based system assists physical therapy practitioners and business owners in managing their clinical and administrative functions. Spry, according to a news report, supports all clinical functions from scheduling to patient intake and communication, assessments, EMR, home exercise plans, adherence tracking, and patient lifecycle management.
WHAT IT’S FOR
Spry will deploy its new funds to start crafting a go-to-market strategy in the United States. The startup also aims to expand locally in India, as well as boost product development.
MARKET SNAPSHOT
More digital physical therapy players have attracted investors’ money this year. In September,
RecoveryOne collected $33 million in Series C funding. Rival Hinge Health in October scored $400 million in a Series E funding round, plus $200 million in secondary investment from Alkeon and Whale Rock. The following month, another competitor SWORD Health also raised $163 million in Series D funding, which was also oversubscribed for $26 million.
ON THE RECORD
“Through Spry, we aim to democratise access to movement health and help people incorporate it into their daily routines rather than opting for it as a quick-fix solution,” Spry co-founder and CEO Brijraj Bhuptani was quoted as saying.
Source: Mobihealth News
