Steadiwear

Medical Devices & EquipmentSeedToronto, Canadasteadiwear.com

Latest round

Seed

Last raised

Jul 2021

Total raised

$0.9M

Investors

5

About Steadiwear

Steadiwear Inc.Founded in 2015 and headquartered in Toronto, Canada, Steadiwear Inc. specializes in creating solutions for individuals with hand tremors.Steadiwear Inc. specializes in the development of assistive devices for individuals suffering from hand tremors, specifically targeting those diagnosed with Essential Tremor and Parkinson's Disease. Their core product, the Steadi-3 glove, is designed to provide immediate relief from hand tremors by offering real-time stabilization tailored to the user’s specific tremor level. The glove is lightweight, breathable, and battery-free, ensuring ease of use without the need for charging. This device is engineered for comfort and efficiency, allowing users to regain control over daily activities such as writing, drinking, and other fine motor tasks.Steadiwear’s revenue model is structured around direct-to-consumer sales of its flagship product, the Steadi-3 glove, which is offered at a price point of CAD 599. The company also implements a 30-day risk-free trial to encourage consumer adoption and satisfaction, which enhances their sales strategy by reducing the perceived risk associated with new medical devices. Transactions involve direct purchases through the company's online platform, where customers can pre-order the device and receive regular updates on delivery timelines.Steadiwear Inc. The company aims to expand its market reach beyond the United States and Canada, targeting new regions to increase its customer base.

Who invested in Steadiwear

5 investors across 2 rounds

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Funding rounds

  1. Seed

    Jul 26, 2021

    Amount

    $0.9M

    Investors

    Locked

  2. Seed

    Feb 17, 2016

    Amount

    Undisclosed

    Investors

    Locked

Questions about Steadiwear

Who invested in Steadiwear?

Steadiwear has 5 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Steadiwear raised?

Steadiwear has raised 2 venture rounds. Sign up free to see how much each round raised and the total.

When did Steadiwear last raise money?

Steadiwear's most recent round on record is a Seed, in Jul 2021.

What does Steadiwear do?

Steadiwear is a medical devices & equipment company.

Where is Steadiwear headquartered?

Steadiwear is headquartered in Toronto, Canada.

Which VCs invest in companies like Steadiwear?

Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back medical devices & equipment companies at Steadiwear's stage. Their profiles are linked below.

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