Eden Prairie, Minn.
RxFunction is a medical wearable startup that recently raised $7.5 million in Series A funding as it prepares for market launch of its Walkasins wearable sensory prosthesis. The round was led by Edina, Minn.–based Cedar Point Capital, a boutique investment banking firm. The money will help RxFunding through FDA registration, funding the next clinical trial in the U.S., and building the organization so that it is ready for commercialization.
Walkasins have two components – a leg unit and a foot pad. The insoles measure the user’s foot pressure and give immediate gentle and tactile sensory cues so that they can control balance and stability, according to the company.
–Chris Newmarker, Managing Editor