Alter-G Lands $8,000,000 Series B Funding Round

  • Feed Type
  • Date
    1/13/2009
  • Company Name
    Alter-G
  • Mailing Address
    48438 Milmont Dr Fremont, CA 94538
  • Company Description
    Unlike other impact reducing products (underwater treadmills, harness systems, elliptical machines, stationary bikes, etc.), Alter-G’s products promote natural movement and comfort while controlling the amount of impact experienced. By harnessing the power of air pressure, Alter-G’s products safely offer a full range of body weight reduction (3 – 80%) with very good weight control accuracy (+/- 2% of full body weight). AlterG’s high tech control system also allows for very fine adjustment (resolution of 1% BW), offering the user the ability for the first time to gradually add or subtract weight, depending on specific application.
  • Website
    http://www.alter-g.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $8,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The company will use the proceeds in four key areas that will help to further accelerate its growth: expand sales and services globally, increase rate of clinical research, add to product development capabilities and build additional intellectual property.
  • M&A Terms
  • Venture Investor
    Versant Ventures
  • Venture Investor
    Undisclosed

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