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.

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