Soovu Labs, Inc. is a health tech startup that focuses on providing wearable pain relief for chronic, musculoskeletal, and menstrual pain. Founded in 2014 by two pain management physicians at the University of Washington Medical Center, the company has developed a unique solution to help individuals overcome pain and resume their daily activities. Recognizing the adverse effects of opioids on patients and their families, the founders sought to create a new, drug-free approach to treating chronic pain. After 10+ years of research and development, backed by a $1.5 million grant from the National Institutes of Health, Soovu created a wearable device that uses heat pulses to reduce chronic pain. The company's flagship product is a rechargeable pod that emits precise heat pulses, which have been clinically proven to alleviate various types of pain. The pod is discreetly worn and accompanied by personalized coaching, movement exercises, and relaxation training through the Soovu app. This comprehensive approach sets Soovu apart as it provides not only a physical solution, but also behavioral and wellness support. Having recently secured a $2.50M Convertible Note investment in February 2021, Soovu is well-positioned to further develop and market its innovative pain relief system. With its focus on health care and medical devices, the company addresses a significant market need for non-pharmaceutical pain management solutions. Based in the United States, Soovu Labs, Inc. exemplifies the intersection of healthcare and technology, catering to both individual and corporate users seeking effective, drug-free pain relief solutions.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Convertible Note | $2.50M | - | 01 Feb 2021 | |
Convertible Note | $1.50M | - | 01 Jan 2020 | |
Series A | $1.75M | 2 | 01 Jul 2019 | |
Series A | $3.75M | - | 01 Jul 2018 | |
Funding Round | $1.50M | - | 01 Jan 2014 |
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