Wearable Robotics Secures €5 Million Series A Funding Led by CDP Venture Capital
Wearable Robotics has completed a €5 million Series A funding round aimed at enhancing international expansion and product development. The investment, primarily led by CDP Venture Capital, will support the company's competitive positioning in global markets, particularly focusing on North America.
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Wearable Robotics has closed a €5 million Series A funding round to accelerate its international growth and advance its product offerings. The financing was primarily led by CDP Venture Capital through the Fondo Acceleratori, with participation from MITO Technology, LIFTT, SIMEST, RoboIT, and the co-investment fund Toscana Next.
The raised capital will be used to complete its product portfolio and enhance commercial development, aiming to strengthen its competitive position globally. The company has developed ALEX RS, a bilateral device for neuromotor rehabilitation, with over 50 units installed worldwide.
This funding will also facilitate regulatory processes for market access and expand commercial channels. Overall, the round is pivotal for bolstering the company's international strategies and partnerships, particularly in key markets.
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