This morning Sparta Science, a musculoskeletal health startup, scored $16 million in Series B funding. GSR Venture US led the round with participation from Arsenal Growth and existing investors.
The Menlo Park, California, company reports that this new infusion of cash will bring its financing to $26 million.
WHAT THEY DO
Sparta Science uses data analytics to help users come up with an individualized plan in order to either reduce injury risk or improve their physical performance.
Users first get an evaluation scan of their balance, upper body strength and ability to do a vertical jump. The scan takes place on a special mat, called a force place, which is able to measure "ground reaction to force."
Those results are then put through its AI-powered software system, which is able to analyze the results and give patients individualized plans. The system includes a coaching app and video tutorial. The system is designed so that every session is logged on a dashboard.
The company has a specific military program, as well as one for sports, employee wellness and high school students.
WHAT IT'S FOR
The funds will be put towards new engineering staff, research and the deployment of the tech into health systems and provider organizations.
There are quite a few digital-health companies focused on musculoskeletal wellness. Just last week Sword Health, a digital physical therapy program, scored $9 million in new funds. The company provides motion-tracking sensors as well as telemedicine therapy sessions.
While many of these companies solely focus on rehabilitation, Sparta Science also focuses on performance enhancement.
ON THE RECORD
"We are excited to join Dr. Wagner and the team at Sparta Science which is helping redefine the future of musculoskeletal health," Dr. Richard Lim, Managing Partner of GSR Ventures U.S, said in a statement. "With an expansive track record of success in many practice areas – including sport, military and government – we see tremendous potential for The Sparta Scan to become an essential and routine diagnostic test in health systems everywhere."