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Neurofenix secures $7 million for stroke and brain injury recovery platform

by Babu Patil
Neurofenix secures $7 million for stroke and brain injury recovery platform

Neurofenix, a sensor-powered neurological rehabilitation platform, raised $7 million in Series A funding. AlbionVC led the funding round with additional participation from HTH, InHealth Ventures, and existing investors.

Neurofenix says the new funds will enable it to build its product line and invest in US expansion, including funding US clinical trials.

Approximately 795,000 people suffer from strokes annually in the US alone. “Over the last six years, we have been developing our patient-centric sensor-based technology and platform to transform neuro-rehab. This has proven transformative as previously patients would not have access to in-person physical or occupational therapy due to insurance, financial, transportation, and health barriers,” said Guillem Singla Buxarrais, CEO and co-founder of Neurofenix.

Neurorehabilitation is a complex medical process that aims to aid recovery from a nervous system injury. Neurorehabilitation devices are intended to reduce symptoms and improve neurological-related function.

The global neurorehabilitation market could reach $2.5 billion by 2030....

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