Print
Technology

Wilmington-based LifeGait Raises $170K Out Of $500K Goal

By Johanna Cano, posted May 5, 2020
LifeGait, the parent company of SportGait, headed by president and CEO Chris Newton, has raised $170,000 in its latest round of funding. (File photo)
Wilmington-based LifeGait, the parent company of SportGait and other entities, has raised $170,001 in equity, according to a filing with the Securities and Exchange Commission.

The money was raised through six investors in a round of funding that started in December.

LifeGait uses technology to develop health and safety products. Its entities include SportGait, SeniorGate and MedGait.

The funding is earmarked for corporate use and licensing, Tobin Geatz, board chairman and founder of SportGait, said in an email.

“We raised money for general corporate uses and to explore licensing of and defending our patent portfolio,” he said.

The company is still seeking funding to meet its goal of raising $500,000.

This latest funding brings the company’s total amount of money raised since 2016 to $1.19 million.

SportGait, its most prominent subsidiary, has raised about $2.05 million. SportGait, headed by president and CEO Chris Newton (pictured above), developed technology and an app that helps monitor concussion signs and symptoms in athletes.

Through the app, parents, coaches and doctors can determine the severity of an athlete’s head injury and steps to take if action is needed.

The company is housed at the University of North Carolina Wilmington Center for Innovation and Entrepreneurship.

SportGait has received investment from Seawhawk Innovation, a funding organization that has a public-private partnership with UNCW, making the university a part-owner of the startup.

In 2017, LifeGait teamed up with Medac Health Services to treat athletes with suspected concussions with the SportGait concussion management operating system.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Pfinder john zachary

What You Need to Know About SECURE 2.0 and Its Effect on Individual Retirement Accounts

John B Zachary - Pathfinder Wealth Consulting
Untitleddesign2

The Importance of Real Estate Appraisals

Steve Mitchell - Cape Fear REALTORS®
Chris coudriet

As the Weather Warms, New Hanover County Remains Committed to Keeping Things Green

Chris Coudriet - New Hanover County Government

Trending News

Passenger Rail Study Offers New Details About Proposed Wilmington To Raleigh Route

Emma Dill - Apr 22, 2024

Severe Weather Postpones Trump Rally In Wilmington

Emma Dill - Apr 20, 2024

Will NC Be CNBC's Three-time Top State For Business?

Audrey Elsberry - Apr 22, 2024

In The Current Issue

MADE: Makers Of Important Papers

W.R. Rayson is a family-owned manufacturer and converter of disposable paper products used in the dental, medical laboratory and beauty indu...


Funding A Food Oasis: Long-awaited Grocery Store Gains Momentum

With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...


Surf City Embarks On Park’s Construction

“Our little town, especially the mainland area, is growing by leaps and bounds. So having somewhere else besides the beach for kids to go an...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season