Zurich Start-Up YouRehab Completes Series A Fund Raising

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22.12.2012

YouRehab Ltd., a company developing and commercializing interactive rehabilitation systems, announced today the completion of Series A equity fund raising. The round is backed by the Cantonal bank of Zurich, private investors, and business angels from the StartAngels Network Zurich. Eduard Brunner acted as lead investor and was joined on the company board by Erich Platzer.

YouRehab sparked the interest of Investors when the company was awarded the 2011 ZKB Pionierpreis TECHNOPARK recognizing the technology behind the two main products YouGrabber and YouKicker. The start-up was founded in 2010 as a spin off company of the Institute of Neuroinformatics at the University of Zurich and the ETH Zurich, led by Oliver Ullmann and Kynan Eng (CTO), and is located in Technopark Zürich. So far YouRehab has received additional support by venture kick, the Volkswirtschaftsstiftung, the Swiss Innovation Promotion Agency CTI.

Chairman of the Board, Eduard Brunner, explains “The advanced development status of the products and the market potential of virtual reality supported rehabilitation were the main reasons behind the investment decision. The current funding round will enable YouRehab to advance the development, certification and market introduction of its products.“

YouRehab provides unique, cost-effective, rehabilitation-optimized interactive technologies and systems for full bimanual and bipedal rehabilitation of neurological motor disorders. Its systems maximize patient therapy adherence and dosage, and provide quantitative data to enable therapists to optimize recovery and clinical rehabilitation costs. The first systems have been deployed in several clinics worldwide.

Before its founding, the team behind YouRehab received research support from several sources including the Swiss National Center of Competence in Neural Plasticity and Repair, the Gebert Rüf Foundation, the Gaydoul Foundation, the Neuroscience Center Zurich and the Rehabilitation Initiative and Technology Platform Zurich.

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