Following successful Australian hospital trials, digital health company ableX has announced a capital raising round to fund growth and expansion of its cloud-based stroke rehabilitation system.
Aiming to raise $1.2 million, the subscription-based ‘tele-rehabilitation’ for limb and cognitive function will seek investors to expand its partnerships with the Royal Melbourne Hospital and Perth’s Perron Institute.
There are over 700 ableX units currently in use in hospitals, clinics and patients’ homes around the world, and the new capital will allow the company to access significant immediate growth and expansion opportunities.
“New capital will enable the company to work with its partners, Royal Melbourne Hospital and the Perron Institute in Perth, to successfully roll out the ableX solution into existing healthcare services in Australia. It will also enable the company to explore opportunities for expansion into other markets and become a successful global healthcare business,” ableX CEO Elliott Kernohan said.