# Verve Motion

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/verve-motion

- Industry: Medical Devices & Equipment
- Headquarters: Cambridge, US
- Website: www.vervemotion.com
- Total disclosed funding: $31M
- Latest round: Series B (Jul 21, 2023)
- Investors on record: 6

## About

Founded in 2020 by CEO Ignacio Galiana, and based in Massachusetts, US, Verve, Inc., trading under the name Verve Motion, operates as a provider of wearable robotics. In December 2023, Verve Motion raised USD 20 million in series B funding led by investor Safar Partners, with participation from other investors Construct Capital, Pillar Companies, OUP (Osage University Partners), and investor Cybernetix Ventures. 

Verve Motion provides SafeLift, an exoskeleton suit, made of textile materials, that is a wearable machine that uses robotics and AI technology to allow for limb movement. SafeLift analyzes the worker's tasks, movement, and speed, and assists in reducing strain on a worker's back. The company's product weighs 2.5 kg and has a battery life of more than 12 hours.

The company plans to use the December 2023 funding to develop its product further and expand its market reach.

## Funding rounds

- Series B, Jul 21, 2023, $11M — OUP (Osage University Partners), Pillar, Safar Partners, Construct Capital, Cybernetix Ventures
- Series A, Jun 23, 2021, $15M — OUP (Osage University Partners), Founder Collective, Pillar, Safar Partners, Construct Capital
- Seed, Mar 20, 2020, $5.3M — Founder Collective, Pillar, Safar Partners

## Investors

- Founder Collective (https://capitalatlas.ai/funds/founder-collective) — Seed, Series A
- Pillar (https://capitalatlas.ai/funds/pillar) — Seed, Series A, Series B
- Safar Partners (https://capitalatlas.ai/funds/safar-partners) — Seed, Series A, Series B
- OUP (Osage University Partners) (https://capitalatlas.ai/funds/oup-osage-university-partners) — Series A, Series B
- Construct Capital (https://capitalatlas.ai/funds/construct-capital) — Series A, Series B
- Cybernetix Ventures (https://capitalatlas.ai/funds/cybernetix-ventures) — Series B