Immergo Labs
[Closed for Investment] Immergo Labs, with a valuation of $19.5 million, is raising funds on StartEngine. The company is building a virtual reality platform for physical therapists to provide care to patients remotely. It aims to build the first telehealth platform for physical therapy using 3D avatars and AI-generated measurements. Immergo Labs allows physical therapists to monitor patient avatars in real-time remotely with a VR setup and measure their strength, balance, and range-of-motion metrics. Michael Ora Powell, Aviv Elor, and Ash Robbins founded Immergo Labs in March 2022. The current crowdfunding campaign has a minimum target of $9,999.36 and a maximum target of $1,069,983.04. The campaign proceeds will be used for national and international launches of the platform and FDA approvals.
Investment Overview
Raised: $195,939
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 09/22/2022
- Close Date
- 01/20/2023
$9,999
$1,069,983
$199
Equity - Common
Pre-Seed
RegCF
$2.24
$19,478,258
Company & Team
Company
- Year Founded
- 2022
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
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Physical therapy (PT) is an extremely popular and beneficial form of treatment -- 300 million sessions are performed annually in the US alone -- but my friend’s complaint is pretty common. Sometimes, a patient’s commute takes up more time than the actual session. But since PT needs to be done in person, investing part of the day into traveling becomes inevitable.
However, Immergo Labs is working to change that. It is building a digital platform where therapists and patients can meet remotely and hold PT sessions in virtual reality (VR), represented by avatars. In this VR world, therapists can monitor patients’ motor functions and mobility by measuring their range of motions in real time. The platform also utilizes artificial intelligence to track and predict joint movements. Eventually, it will automatically document a patient’s progress -- saving therapists time and helping them plan their exercise programs better.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $22,770
- Grants
- $256,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 01/20/2023 | StartEngine | $19,478,258 | $195,939 | Equity - Common | Funded | RegCF |