AlterG, a Fremont CA-based creator of the Anti-Gravity Treadmill® technology, raised $8M in debt funding.
The round was led by Cortland Credit Lending Corporation.
The company intends to use the funds to pay-off existing debt with the remaining proceeds available to accelerate growth initiatives and working capital purposes, including new product development and expansion into new markets, as well as broadened adoption in rehabilitation and elite athletics.
Led by Charles Remsberg, CEO, AlterG is the creator of the Anti-Gravity Treadmill technology for body weight-supported therapy and training. By leveraging patented and precise Differential Air Pressure (DAP), the company’s technology empowers and inspires people to achieve their goals in terms of rehabilitation and athletic training augmenting physical deficits and increasing mobility to improve orthopedic rehabilitation, the management of neurological and chronic conditions, active aging, and athletic endeavor. AlterG products are found in thousands of leading sports and physical rehabilitation facilities worldwide.
FinSMEs
18/10/2021