About BetterPT
BetterPT is a Healthcare company based in New York (United States) founded in 2016 by Stephen Fealy. Provider of a physical therapy platform to connects private physical therapists and clinics with patients. BetterPT has raised $8 million across 4 funding rounds from investors including Hospital for Special Surgery, 5Lion Ventures and ID Fund. Its focus areas include HealthTech, Healthcare Booking Platforms, Doctors and Telemedicine. Its competitors include RecoveryOne, Bold and Comet Healthcare; 3 of its 3 listed competitors have raised funding.
Company details
BetterPT was founded in 2016 in New York, United States, as a health technology company. A mobile platform is operated to link private physical therapists and clinics with patients for in-home sessions. Local therapists are identified by patients through the app, and bookings are managed alongside schedule tools for clinics. Injury details can be added by patients prior to appointments, aiding therapist preparation.
- Headquarters New York, United States
- Founders Stephen Fealy
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website new.betterpt.com
- Social LinkedIn X Facebook
- Total Equity Funding$8M (USD)
in 4 rounds
- Latest Funding Round$465K (USD), Debt – Conventional
Apr 2020
- InvestorsHospital for Special Surgery
& 3 more
Funding Insights of BetterPT
BetterPT has successfully raised a total of $8M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $465 thousand completed in April 2020. 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 $8M
- Total Rounds 4
- Last Round Debt – Conventional — $465,000
- First Round $1.5M
(Mar 2017)
- Investors Count 4
All 4 funding rounds of BetterPT with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2020 | $465,000 | Debt – Conventional | – | – | – |
| Apr 2019 | $5M | Series A | – | 5Lion Ventures | |
| Feb 2018 | $1.5M | Seed | – | – | – |
| Mar 2017 | $1.5M | Seed | – | Loeb Partners | – |
4 investors in total: 4 institutional.
Investors in BetterPT
BetterPT has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Hospital for Special Surgery, 5Lion Ventures and ID Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investment and advisory services are provided by 5Lion Ventures. | 2014 | 5lion.com | ||
A technology-enabled, industry-agnostic fund is managed by ID Fund. | idfund.co | Boca Raton, United States | ||
| loebpartners.com | ||||
Specialized orthopedic care and surgeries are delivered by the hospital. | 1863 | hss.edu | United States |
Investor details for BetterPT
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People of BetterPT
1 people are tracked at BetterPT (1 in leadership).
| Name | Role | Group |
|---|---|---|
Stephen Fealy | Co-Founder & Chief Medical Officer | Leadership |
Complete people profiles for BetterPT
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Timeline of BetterPT
3 dated milestones of BetterPT across 4 years, from founding to its latest funding, stage changes and deals.
- Founded BetterPT is founded.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Debt – Conventional, of $465K.
Competitors of BetterPT
BetterPT has 3 listed competitors in our database, 3 of them funded. They include RecoveryOne, Bold and Comet Healthcare.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| recoveryone.com | 2014 | Walnut, United States | $74.83M | 219 | Solutions for musculoskeletal conditions are offered to patients and employees. | |
| agebold.com | 2017 | San Mateo, United States | $24M | 12 | Personalized online fitness programs for older adults are provided. | |
| trycomet.com | 2021 | Stanford, United States | $125,000 | Remote physiotherapy consultations and guided exercises are provided online. |
Detailed competitors of BetterPT
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Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as BetterPT (Digital Health & Telemedicine) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
An application is provided for comparing prescription drug prices nationwide. | 2011 | Santa Monica, California, United States | USD 22.21 M | USD 796.85 M | 1,063 | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Alto Pharmacy is focused on providing convenient prescription delivery services. | 2015 | San Francisco, California, United States | USD 591.64 M | 802 |
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Related news about Betterpt
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Frequently Asked Questions about BetterPT
BetterPT was founded in 2016 and raised its 1st funding round 1 year after it was founded.
BetterPT is headquartered in New York, United States. It is registered at New York, New York, United States.
BetterPT is a funded company, having raised a total of $8M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Mar 2017.
BetterPT was founded in 2016 in New York, United States, as a health technology company. A mobile platform is operated to link private physical therapists and clinics with patients for in-home sessions. Local therapists are identified by patients through the app, and bookings are managed alongside schedule tools for clinics. Injury details can be added by patients prior to appointments, aiding therapist preparation.
BetterPT's top competitors include RecoveryOne, Bold and Comet Healthcare.
BetterPT has 4 investors. Key investors include Hospital for Special Surgery, 5Lion Ventures, ID Fund, and Loeb Partners.