CUREOSITY Secures €3.8M Funding for VR Therapy Expansion

CUREOSITY Secures Additional €3.8 Million in Funding for VR Therapy Software

CUREOSITY, based in Düsseldorf, has successfully raised €3.8 million in additional funding, bringing their total funding to over €8.4 million. The company specializes in developing virtual reality (VR) and gamified therapies, integrating neuroscientific insights such as neuroplasticity with extensive therapy expertise. Their therapy platform, CUREO®, offers 50 training programs across 7 modules, designed for use in physiotherapy, occupational therapy, and neuropsychology, catering to individuals with sensorimotor, cognitive, and perceptual impairments. Since its market launch, CUREO® has been adopted by nearly 200 therapeutic facilities in 24 countries.

Key Takeaways

• CUREOSITY raises €3.8 million, bringing their total funding to over €8.4 million.
• VR therapy software integrates neuroplasticity with gamified training.
• CUREO® therapy is available in 7 modules and used in 200 facilities across 24 countries.
• Funding will support commercial expansion and technological advancements.
• Investors include TechVision Fund and Belgian family office Nomainvest.

Analysis

The additional funding obtained by CUREOSITY underscores the growing demand for innovative therapy solutions, which is driven by demographic shifts and skilled worker shortages. This funding not only solidifies their market position but also accelerates the integration of cutting-edge technologies, enhancing their product's efficacy and reach. In the short-term, an increase in market penetration and product enhancements can be expected. In the long-term, CUREOSITY has the potential to redefine therapy standards globally, thereby impacting healthcare costs and outcomes. Investors like TechVision Fund and Nomainvest anticipate robust returns as CUREOSITY scales, potentially influencing future investments in medtech.

Did You Know?

• Neuroplasticity: The brain's ability to reorganize itself by forming new neural connections throughout life. This plasticity allows the neurons in the brain to compensate for injury and disease and to adjust their activities in response to new situations or changes in the environment.
• Gamified Therapies: The application of typical elements of game playing (e.g., point scoring, competition with others, rules of play) to other areas of activity, typically as an online marketing technique to encourage engagement with a product or service. In therapy, gamification can make the process more engaging and less daunting for patients, potentially increasing compliance and effectiveness.
• Family Office: A privately held company that manages investments and trusts for a single family. The company's financial capital is the family's own wealth, often accumulated over many generations. Family offices often provide a wide array of services including management of wealth, taxes, trusts, philanthropy, and legal affairs.