Myomo Obtains $5,000,000 Series B Funding Round

  • Feed Type
  • Date
    5/14/2015
  • Company Name
    Myomo
  • Mailing Address
    One Broadway 14th Floor Cambridge, MA 02142 USA
  • Company Description
    Myomo is pioneering NeuroRobotics, a new category of non-invasive medical device technology to help people relearn how to move severely weak or partially paralyzed limbs. Originally an acronym for Muscle-Motion, Myomo (pronounced MY-O-MO) was re-defined as My-Own-Motion by one of the first patients to ever use our device.
  • Website
    http://www.myomo.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $5,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The additional funding will be used as working capital as well as to support investments in sales and marketing, new product development, and expanded clinical studies of the company’s MyoPro powered orthosis.
  • M&A Terms
  • Venture Investor
  • Venture Investor

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