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
Untitleddesign12 101424112736

So You’re Feeling Like a Fraud... Let’s Talk

McAuley Hollis - APPROVE
Untitleddesign13

The Benefits of Choosing Local Partners in Construction

Jim Hundley - Thomas Construction Group
Jasonpathfinder3

Unlocking the Full Potential of Your Executive Compensation Package

Jason Wheeler - Pathfinder Wealth Consulting

Trending News

Sheetz Opening Carolina Beach Road Location Next Week

Staff Reports - Apr 23, 2025

In Uncertain Economic Times, Live Oak Sees Continued Growth But Higher Expenses

Jenny Callison - Apr 24, 2025

In The Current Issue

Bridge Money On Pause?

“The administration is reviewing all previously approved grants, including those going back several administrations, to root out waste, frau...


Food Pantry’s Growth Highlights Need

Most organizations would be thrilled to log year-over-year double-digit growth in demand. But for The Lord’s Food Pantry in Shallotte, that...


Longtime Beach Hotel Evolves

The resort is responding to demand. Tourism is the main industry in Wrightsville Beach, and revenues from the town’s room occupancy tax have...

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