Print
Technology

SportGait Raises $430,000 For Tech Development

By Johanna Cano, posted Jan 16, 2019
SportGait Inc., a Wilmington-based startup, has raised $430,000 in its latest round of funding, which will be used to perfect technology that will become a medical device used in the concussion field, Tobin Geatz, board chairman with the company said Wednesday.

This latest raise will bring the company’s funding total to $1.47 million, according to filings with the U.S. Securities and Exchange Commission.

The company is now closer to its raising goal of $2 million after receiving funding from 20 investors in its latest filing.

The concussion management company raised $205,000 in 2017 and $835,000 in 2018.

SportGait, a subsidiary of LifeGait, developed a phone application for parents, coaches and doctors that can help monitor sports-related concussion signs and symptoms in minors.

The app can also connect patients to doctors that can use SportGait technology.

The startup has previously received investment from Seahawk Innovation, which has a public-private partnership with the University of North Carolina Wilmington, making the university a part-owner of SportGait.

The company, founded in 2015, is housed at UNCW’s Center for Innovation and Entrepreneurship and is led by Chris Newton, its president and CEO.

SportGait will focus on sales expansion this year with the goal to get more users to download the free app, Geatz, said in a previous interview.

More on SportGait’s upcoming plans and leadership were discussed in a story on the upcoming Jan. 18 issue of the Greater Wilmington Business Journal.
 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Jasonpathfinder3

Life Expectancy on the Rise — are You Prepared?

Jason Wheeler - Pathfinder Wealth Consulting
Img 1576c1

What’s Next for Equity Investors?

Eddie Nowell - South Atlantic Capital Management Group
Christy2

Roof Maxx No-Brainer

Christy West - Roof Rescue of Wilmington LLC/Roof Maxx

Trending News

Boutique Hotel Opening Downtown

Johanna Cano - Sep 13, 2019

Live Oak Bank Eyes More Land Near Wilmington Campus

Christina Haley O'Neal - Sep 12, 2019

Investor Buys City Block At 16th And Greenfield Streets

Cece Nunn - Sep 13, 2019

In The Current Issue

Moving Even Closer To Where Patients Are

Now providers are popping up even closer on people’s daily routines – in at least some cases in the local market....


Contracting Company Builds Out

Teresa Woods-Cox started learning the construction industry at a young age, and these days she actively recruits women for her general contr...


What Lessons Did Florence Teach Us?

In the year since Hurricane Florence slammed into the Wilmington area, local governments and utilities have reviewed trouble spots and laid...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

August 26, 2019 Power Breakfast: A Healthy Sale?
WILMA's Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`