Investing
Proceeds will be used to drive growth of its core digital therapy platforms for people managing musculoskeletal conditions and fund expansions into new conditions.
The round was led by Oxford Sciences Innovation with participation from Mayo Clinic.
Augmedics’ employees raised $4 million after investments halted as a result of COVID-19.
The company will be working on new virtual workout content and broader sales and marketing efforts within the U.S.
The funding will be used to radically overhaul Germany’s desk-based operating health systems.
This brings the round's total equity raise to $100.7 million.
The Cue Health Monitoring System can deliver its results through a smartphone dashboard, and is intended for use by health professionals and consumers alike.
Andreessen Horowitz, F-Prime Capital, GV, and Transformation Capital led the round with participation from existing investors.