Posted August 4, 2020
Technical.ly Baltimore: NextStep Robotics raises $500K while eyeing product launch
Along with launching its device to treat a common foot ailment in stroke survivors, the company is looking to treatment of other areas.
NextStep Robotics raised $500,000 in new funding that will help the company progress toward launch of its wearable device to treat a condition that’s common in stroke survivors.
The bridge round included participation from a pair of previous investors in the company. Maryland Momentum Fund, the venture fund of the University System of Maryland, invested $25,000 — the same amount it did in 2018 when NextStep became the then-nascent fund’s second investment. The Baltimore-based Abell Foundation, which makes early-stage investments with an eye toward creating jobs in Baltimore, also returned as an investor, along with new investor University of Maryland Global Campus.
Read the full story from Technical.ly Baltimore.