loop+, an Australian health technology startup, raised $3m in seed funding.
The round was led by Yamaha Motor Ventures & Laboratory Silicon Valley, the strategic business development and investment arm of Yamaha Motor Co., Ltd. (“YMC”) (Tokyo: 7272), with participation from Giant Leap Fund, Eleanor Venture and other investors based in Australia.
The company intends to use the funds to explore the product’s potential and support its global market introduction.
Led by Kath Hamilton, co-founder and CEO, loop+ is an early stage health technology enterprise developing a pressure and movement tracking device for wheelchair-bound patients. The loop+ platform features a wheelchair sensor mat that continuously measures pressure, position, environmental conditions like humidity, and general activity throughout the day. This alerts healthcare professionals to potential risks like pressure wounds allowing for early intervention and prevention as well as to promote healthy wheelchair habits and reduce the acceleration of scoliosis and respiratory issues.
FinSMEs
27/01/2020