Virtual therapeutics startup Swing Therapeutics wrapped up a $10.3 million Sequence A investment spherical led through Jazz Undertaking Companions.
Different individuals within the lift come with Alumni Ventures, AME Cloud Ventures, Asahi Kasei Company Ventures, Gaingels, Kicker Ventures, Mana Ventures and Metrodora Ventures. Swing Therapeutics was once based in 2019 and introduced with $9 million in seed investment.
WHAT THEY DO
Swing focuses on development and trying out a virtual healing for fibromyalgia, which reasons fashionable musculoskeletal ache in addition to fatigue, sleep, reminiscence and temper issues.
In August, the startup introduced it had won FDA Leap forward Software designation for its smartphone-administered healing, a 12-week program that makes use of acceptance and dedication remedy (ACT), one of those cognitive behavioral remedy, to assist sufferers perceive and set up their signs.
Swing plans to make use of the Sequence A to improve its PROSPER-FM randomized medical trial finding out the effectiveness of its virtual ACT program and its symptom tracker. It additionally will use the budget to open an affiliated telemedicine sanatorium.
“Other people dwelling with fibromyalgia have restricted remedy choices, and behavioral remedies and different non-pharmacologic approaches are continuously now not simply obtainable,” Dr. Lesley Arnold, lead investigator of the PROSPER-FM learn about, stated in a observation. “I’m taking a look ahead to comparing additional how Swing’s remedy would possibly fortify fibromyalgia control the use of an manner that may be readily to be had to folks with fibromyalgia, lots of whom proceed to have unmet remedy wishes.”
MARKET SNAPSHOT
Every other corporate within the virtual healing house, AppliedVR, makes use of cognitive behavioral remedy in digital truth periods to regulate continual ache. The startup won FDA De Novo clearance to make use of its VR gadget to regard continual lower-back ache remaining yr, round the similar time it introduced a $36 million Sequence B.
Past due remaining yr, virtual irritable bowel syndrome (IBS) care startup metaMe Well being won FDA 510(okay) clearance for Regulora, a prescription virtual healing (PDT) that delivers gut-directed hypnotherapy to relieve belly ache related to IBS in adults. The corporate just lately partnered to convey the PDT to marketplace, now not lengthy after a $2.2 million lift.
Others providing virtual therapeutics come with Happify Well being, Pear Therapeutics, Large Well being and Alex Therapeutics.
