# WalkWise

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/walkwise

- Industry: Healthcare IT
- Headquarters: Fargo, US
- Website: www.walkwise.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Mar 28, 2023)
- Investors on record: 6

## About

WalkWise, Inc. is a healthcare technology company based in the US that provides a remote monitoring system tailored for older adults with mobility challenges, enhancing safety and health monitoring.WalkWise, Inc. specializes in remote patient monitoring solutions aimed at preventing falls among older adults using mobility aids. Founded in 2016 in Fargo, US, the company has undergone strategic pivots to focus on this demographic. The founders include Ashvat Ranadive, Peter Chamberlain, Philip Weijschede, and Thom Trentelman, with Peter Chamberlain and Thom Trentelman serving as the current CEOs. Notably, the company raised USD 900,000 in Seed funding on March 28, 2023, led by gener8tor, with additional participation from 701 Angel Fund, Big Stone Capital Group, Groove Capital, and North Dakota Development Fund. This funding marked the total amount raised to USD 900,000, with a current company valuation of USD 7.297 mn.WalkWise offers a remote monitoring system specifically designed for older adults who use mobility aids, addressing fall risks in this population. Their core product includes a comprehensive dashboard for healthcare providers to monitor real-time patient activities and health metrics. This system focuses on automatic data collection and delivers health notifications for potential falls, urinary tract infections (UTIs), and changes in health status. WalkWise caters to a variety of clients including skilled nursing facilities, PACE programs, and senior living communities throughout the United States, ensuring caregivers can enhance safety and promote mobility among older adults.WalkWise employs a subscription-based revenue model for its remote monitoring services, allowing healthcare organizations to track and manage patient care effectively. Clients comprised primarily of healthcare providers benefit from continuous access to the monitoring platform through subscription agreements that ensure ongoing service and support. WalkWise offers tailored pricing plans that align with the operational needs of various organizations, fostering partnerships that help reduce costly healthcare episodes while improving patient outcomes.In March 2023, WalkWise, Inc. secured USD 900,000 in Seed funding to support its growth initiatives, focusing on market expansion and product development. The company plans to enhance its monitoring technologies and expand into new geographic regions to better serve their target demographics. This funding will be utilized to solidify their market reach and innovate their product offerings, aligning with their strategy to improve care delivery for older adults.

## Funding rounds

- Seed, Mar 28, 2023, $0.9M — North Dakota Development Fund, gener8tor, 701 Fund, Groove Capital, Big Stone Capital Group
- Seed, Feb 15, 2019, $0.3M — Techstars

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- North Dakota Development Fund (https://capitalatlas.ai/funds/north-dakota-development-fund) — Seed
- gener8tor (https://capitalatlas.ai/funds/gener8tor) — Seed
- 701 Fund (https://capitalatlas.ai/funds/701-fund) — Seed
- Groove Capital (https://capitalatlas.ai/funds/groove-capital) — Seed
- Big Stone Capital Group — Seed