Wearable Robotics, a start-up specialising in wearable robotics for neuromotor rehabilitation, has announced that it has secured a €5 million Series A funding round to accelerate its international expansion and bring its technologies to key global markets.
The operation is led by CDP Venture Capital, through the Acceleratori Fund, with the participation of MITO Technology, through the Mito Tech Transfer Fund, Liftt, and Simest, using resources from the F.394/81 fund – Venture Capital and Equity Investment Section managed under an agreement with the Ministry of Foreign Affairs and International Cooperation, RoboIT (National Technology Transfer Hub for Robotics and Industrial Automation) and the Toscana Next co-investment fund, established and managed by CDP Venture Capital and subscribed to by the main banking foundations in Tuscany: Fondazione CR Firenze, Fondazione Cassa di Risparmio di Lucca, Fondazione Caript, Fondazione Monte dei Paschi di Siena, to maximise investment in innovative local businesses.
The funds raised represent a crucial strategic step in supporting the company’s growth trajectory. In particular, the capital will be allocated to expanding the product portfolio and commercial development, with the aim of strengthening the company’s competitive position in key international markets. Today, this competitive advantage stems primarily from Alex Rs, a bilateral device for neuromotor rehabilitation of the upper limb, which is a benchmark in the field of rehabilitation robotics, with over 50 units already installed internationally.
Building on this solid technological and market foundation, Wearable Robotics aims to develop new modular and integrable robotic solutions capable of extending applications to other areas of rehabilitation and consolidating its leadership in the sector. At the same time, the company will invest in completing the regulatory processes required to access its target markets, strengthening compliance and accelerating the time-to-market of its technologies. This process will be accompanied by a significant expansion of sales channels, with the aim of strengthening the company’s presence both nationally and internationally. The funding round will also enable the company to strengthen its internationalisation strategies through new partnerships, entry into key markets and the expansion of its distribution network, with a particular focus on North American markets.
“The completion of this funding round marks a crucial step in our development,” says Lucia Lencioni, CEO of Wearable Robotics, in a statement (pictured). “We are laying the foundations for sustainable and scalable growth, whilst investing in product innovation, regulatory compliance and commercial development. “Our goal is to deliver increasingly advanced and modular wearable robotics solutions capable of making a tangible impact throughout the entire rehabilitation continuum.”
“We are delighted to be contributing to this new round of investment in Wearable Robotics. This investment reaffirms our confidence in the quality of the company’s products and its team. We are convinced that the solutions developed by Wearable Robotics, designed to support people in their work and rehabilitation programmes, can have a tangible and increasingly significant impact.” “This investment will support the scale-up phase and strengthen Wearable Robotics’ market position, generating lasting value for investors and stakeholders,” says Massimiliano Granieri, managing director of Mito Technology.
Marco Parlani, project manager at Liftt, adds: “Since joining in 2023, we have supported Wearable Robotics throughout its growth journey, backing its development and subsequent funding rounds. We remain firmly committed to investing in a team and a technology that we believe are leaders in a high-potential market such as that of rehabilitation robotics.”
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