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
2022052 75 142344351

Bridging Futures: The Case for Toll Funding in Wilmington’s Cape Fear Memorial Bridge Revamp

Natalie English - Wilmington Chamber of Commerce
Untitleddesign2 4523114356

Cybersecurity and Productivity: Striking the Perfect Balance for Business Success

Barrett Earney - EarneyIT
Untitleddesign2

The Importance of Real Estate Appraisals

Steve Mitchell - Cape Fear REALTORS®

Trending News

Intracoastal Angler To Grow With Two New Hampstead Stores

Emma Dill - Apr 30, 2024

Coyne Returns To Law Firm's Wilmington Office

Staff Reports - Apr 30, 2024

Wilmington-based Fishing App Wins NC IDEA Grant

Audrey Elsberry - Apr 30, 2024

Apartment Plans Move Ahead On Wooster Street

Emma Dill - Apr 29, 2024

Design-build Firm Welcomes Falvey As Director

Staff Reports - Apr 30, 2024

In The Current Issue

With Coffee And Cocktails, Owners Mix It Up

Baristas are incorporating craft cocktail techniques into show-stopping coffee drinks, and bartenders are mixing espresso and coffee liqueur...


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...


Bootstrapping A Remote Option

Michelle Penczak, who lives in Pender County, built her own solution with Squared Away, her company that now employs over 400 virtual assist...

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