About Biomotum
Biomotum is a company based in Flagstaff (United States) founded in 2019 by Joseph Lerner, Zach Lerner, and Ray Browning.. Biomotum has raised $660 thousand across 3 funding rounds from investors including HHS. Biomotum offers products and services including Biomotum SPARK and Robotic Ankle Assist Device. Biomotum operates in a competitive market with competitors including Ekso Bionics, Otto Bock, Myomo, Wandercraft and Proteor, among others.
- Headquarter Flagstaff, United States
- Founders Joseph Lerner, Zach Lerner, Ray Browning
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Sectors
HealthcareTechnology
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Phone
*********
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Website
*********
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Social
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- Legal Name Biomotum, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$660 K (USD)
in 3 rounds
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Latest Funding Round
$274.28 K (USD), Grant
Jul 12, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of Biomotum
Biomotum offers a comprehensive portfolio of products and services, including Biomotum SPARK and Robotic Ankle Assist Device. 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.
Assists walking for rehabilitation and daily mobility needs.
Provides assistance for clinical trials and human ambulation studies.
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Funding Insights of Biomotum
Biomotum has successfully raised a total of $660K across 3 strategic funding rounds. The most recent funding activity was a Grant round of $274.28 thousand completed in July 2023. 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 3
- Last Round Grant — $274,282
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First Round
First Round
(12 Nov 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2023 | Amount | Grant - Biomotum | Valuation |
investors |
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| Sep, 2021 | Amount | Grant - Biomotum | Valuation |
investors |
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| Nov, 2020 | Amount | Seed - Biomotum | Valuation |
investors |
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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 Biomotum
Biomotum has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include HHS. 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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Public health and human services are overseen by HHS.
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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 Biomotum
| 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 |
Financial Statements - Biomotum
| 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 |
Biomotum Comparisons
Competitors of Biomotum
Biomotum 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 Ekso Bionics, Otto Bock, Myomo, Wandercraft and Proteor, 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 |
Exoskeletons for medical rehabilitation and industrial productivity are provided.
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| domain | founded_year | HQ Location |
Prosthetic and orthotic devices are developed for individuals with disabilities.
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| domain | founded_year | HQ Location |
Robotic arms are provided for mobility and rehabilitation support.
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| domain | founded_year | HQ Location |
Exoskeleton devices are provided for rehabilitation patients' mobility.
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| domain | founded_year | HQ Location |
Prostheses and orthoses devices are developed for orthopedic supports.
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| domain | founded_year | HQ Location |
Lightweight exoskeletons are developed to assist walking for mobility-impaired users.
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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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Frequently Asked Questions about Biomotum
When was Biomotum founded?
Biomotum was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Biomotum located?
Biomotum is headquartered in Flagstaff, United States. It is registered at Flagstaff, Arizona, United States.
Who is the current CEO of Biomotum?
Ray Browning is the current CEO of Biomotum. They have also founded this company.
Is Biomotum a funded company?
Biomotum is a funded company, having raised a total of $660K across 3 funding rounds to date. The company's 1st funding round was a Seed of $660K, raised on Nov 12, 2020.
What does Biomotum do?
Biomotum was founded in 2019 and is based in Flagstaff, United States. Robotic assistive devices are produced by the company for children and adults affected by movement disorders. These devices support mobility through enhancements in coordination, reductions in walking energy expenditure, increases in walking speed, and improvements in leg strength. Operations focus on the health technology sector, with devices designed for therapeutic applications.
Who are the top competitors of Biomotum?
Biomotum's top competitors include Otto Bock, Myomo and Ekso Bionics.
What products or services does Biomotum offer?
Biomotum offers Biomotum SPARK and Robotic Ankle Assist Device.
Who are Biomotum's investors?
Biomotum has 1 investor. Key investors include HHS.
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