GyroGear
Latest round
- Seed
Last raised
- Feb 2021
Total raised
- $3.9M
Investors
- 2
About GyroGear
Founded in 2015 in the UK, GyroGear Limited specializes in assistive technology, particularly the GyroGlove™, which aims to counteract hand tremors. The company has undergone no significant pivots in its strategy since its inception. Joon Faii Ong co-founded the company, and he also currently serves as the CEO.GyroGear™ specializes in innovative assistive technology, primarily focusing on their flagship product, the GyroGlove™, which is designed to counteract hand tremors through advanced gyroscopic stabilization. The GyroGlove™ utilizes an intricate system of sensors and motors to detect and counteract tremors, providing users with enhanced control and stability in their daily activities. Targeting individuals suffering from conditions such as Essential Tremor and Parkinson’s disease, the glove is engineered to empower users by restoring independence in tasks such as writing, eating, and other fine motor skills. The product is crafted from breathable, biocompatible materials and offers features such as a washable harness and IP65 waterproof protection, making it suitable for a variety of environments.GyroGear™ generates revenue through direct-to-consumer sales of its GyroGlove™ and associated accessories, alongside potential partnerships with healthcare institutions and rehabilitation centers. The company's transaction structure is primarily B2C, allowing customers to purchase the GyroGlove™ directly from the company’s website or through authorized retailers. Revenue is supplemented by the sale of accessories and replacement parts, enhancing the user experience and ensuring longevity of the primary product.90 mn to support clinical trials, regulatory approval, and further research and development. The company is focused on launching new products designed to enhance its existing offerings, with plans to expand into new markets, particularly in Europe and North America, by 2023.
Who invested in GyroGear
2 investors across 1 round
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Funding rounds
Seed
Feb 25, 2021
Amount
$3.9M
Investors
Questions about GyroGear
Who invested in GyroGear?
GyroGear has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has GyroGear raised?
GyroGear has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did GyroGear last raise money?
GyroGear's most recent round on record is a Seed, in Feb 2021.
What does GyroGear do?
Founded in 2015 in the UK, GyroGear Limited specializes in assistive technology, particularly the GyroGlove™, which aims to counteract hand tremors.
Where is GyroGear headquartered?
GyroGear is headquartered in UK.
Which VCs invest in companies like GyroGear?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back medical devices & equipment companies at GyroGear's stage. Their profiles are linked below.
VCs backing medical devices & equipment startups at Seed
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