Italy Startup Wearable Robotics Raises €5M in Series A Funding
By Greg Bock · · 2 min read
Insider Brief
- Wearable Robotics has raised €5 million in a Series A round led by CDP Venture Capital, with participation from MITO Technology, LIFTT, SIMEST, RoboIT and Toscana Next, to support international expansion and product development, according to Wearable Robotics.
- The Italy-based company develops wearable robotics systems for neuromotor rehabilitation, with its ALEX RS upper-limb device already deployed in more than 50 installations globally as it looks to expand into additional rehabilitation applications.
- The funding will be used to expand the company’s product portfolio, advance regulatory approvals and scale commercial operations, including entry into North American markets and broader global distribution.
Wearable Robotics has raised €5 million in a Series A round to support international expansion and product development
According to the Italy-based company, which focuses on wearable robotics for neuromotor rehabilitation, the funding will be used to expand its product portfolio, strengthen commercial operations and accelerate entry into key global markets, particularly in North America.
The round was led by CDP Venture Capital, with participation from MITO Technology, LIFTT, SIMEST, RoboIT and Toscana Next, reflecting a mix of venture, technology transfer and public-backed capital.
Wearable Robotics indicated its current market position is anchored by ALEX RS, a bilateral upper-limb rehabilitation device that has been deployed in more than 50 installations globally. The company said it is building on that base to develop modular systems that can extend into additional rehabilitation use cases.
Alongside product expansion, the company said it plans to invest in regulatory approvals and distribution channels, with the goal of shortening time to market and scaling its presence internationally.
Wearable Robotics was founded in 2014 and is a spin-off of the Sant’Anna School of Advanced Studies in Pisa. The company operates in more than 20 countries and holds a portfolio of patents covering its core technology.
Image credit: Wearable Robotics
