About AlterG
AlterG is a company based in Fremont (United States) founded in 2005 was acquired by Lifeward in August 2023.. AlterG has raised $39.31 million across 10 funding rounds from investors including SVB, Lifeward and Oxford Finance. AlterG has completed 1 acquisition, including Tibion Corporation. AlterG offers products and services including Anti-Gravity Treadmill, NEO Treadmill, NEO+ Treadmill, and PRO Treadmill. AlterG operates in a competitive market with competitors including Peloton, Wahoo Fitness, Echelon, Technogym and GripAble, among others.
- Headquarter Fremont, United States
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Alterg, Inc.
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Products & Services of AlterG
AlterG offers a comprehensive portfolio of products and services, including Anti-Gravity Treadmill, NEO Treadmill, NEO+ Treadmill, and PRO Treadmill. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Device for unweighted exercise to aid injury recovery and training.
Compact treadmill with air pressure for precise rehabilitation sessions.
Advanced system with gait analytics for enhanced physical therapy.
High-speed treadmill for athletic recovery and performance optimization.
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Funding Insights of AlterG
AlterG has successfully raised a total of $39.31M across 10 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $8 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Debt – Conventional — $8.0M
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First Round
First Round
(09 Apr 2007)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Debt – Conventional - AlterG | Valuation |
investors |
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| Sep, 2018 | Amount | Series C - AlterG | Valuation | Soreha , Revelation Partners | |
| Nov, 2017 | Amount | Series C - AlterG | Valuation | BizCap |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AlterG
AlterG has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Lifeward and Oxford Finance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Direct secondary market investments are managed by Partner Ventures.
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Founded Year | Domain | Location | |
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Venture capital firm managing investments in biotechnology and pharmaceuticals since 1999.
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Founded Year | Domain | Location | |
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Direct lending is provided to small and mid-market companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AlterG
AlterG has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tibion Corporation. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic legs and anti-gravity treadmills are developed for mobility restoration.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - AlterG
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alterg Comparisons
Competitors of AlterG
AlterG operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Peloton, Wahoo Fitness, Echelon, Technogym and GripAble, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Smart fitness equipment and streaming platforms are provided.
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| domain | founded_year | HQ Location |
Fitness equipment is offered via an online platform.
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| domain | founded_year | HQ Location |
Smart indoor exercise bikes and live training classes are provided.
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| domain | founded_year | HQ Location |
Provider of cloud-based smart gym equipment and software
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| domain | founded_year | HQ Location |
Cloud-based rehabilitation devices and apps are provided for patient recovery.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Alterg
Frequently Asked Questions about AlterG
When was AlterG founded?
AlterG was founded in 2005 and raised its 1st funding round 2 years after it was founded.
Where is AlterG located?
AlterG is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
Who is the current CEO of AlterG?
Charles Remsberg is the current CEO of AlterG.
Is AlterG a funded company?
AlterG is a funded company, having raised a total of $39.31M across 10 funding rounds to date. The company's 1st funding round was a Series C of $8M, raised on Apr 09, 2007.
What does AlterG do?
AlterG was founded in 2005 in Fremont, United States, and operates within the rehabilitation sector. Hardware solutions, including the Anti-Gravity Treadmill with unweighting technology and gait analytics, are offered alongside software such as Stride Smart for data assessment and a Digital Video Monitoring System for real-time gait analysis. Services target physical therapists, athletic trainers, patients, seniors, and athletes across therapy and training applications.
Who are the top competitors of AlterG?
AlterG's top competitors include Peloton, Wahoo Fitness and Echelon.
What products or services does AlterG offer?
AlterG offers Anti-Gravity Treadmill, NEO Treadmill, NEO+ Treadmill, and PRO Treadmill.
How many acquisitions has AlterG made?
AlterG has made 1 acquisition, including Tibion Corporation.
Who are AlterG's investors?
AlterG has 12 investors. Key investors include SVB, Lifeward, Oxford Finance, Revelation Partners, and Siena Lending Group.
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