Denver startup Nymbl announced in late October that it had closed $1.55 million in a new round of funding, led by Rockies Venture Club.
The company’s smartphone solution delivers personalized balance training to help reduce fall risks among seniors who live in care facilities or at home. Through the Nymbl Training app, users follow mental and physical exercises to improve balance.
Nymbl, which has raised a total of $2.8 million for its platform, sells directly to senior facilities and insurance providers. Many retirement communities offer its services in a class format, broken down into 10-minute sessions.
The company has also started selling into Medicare Advantage providers with a plan to launch in four markets in January, according to Coloradinno.
“We are excited by the strong reception we saw for Nymbl’s mission and investment opportunity,” CEO Ed Likovich in a statement to the innovation website. “Our investors related to the mission of preventing 1 million falls and are excited to see a company that could focus on solving a major healthcare problem while also offering a strong business model that can drive increased investor value.”