About RecoverX
RecoverX is a Healthcare company based in Mountain View (United States) founded in 2016, and was acquired by HyperIce in January 2021. Smartphone-controlled portable devices for cold and heat therapy are provided. RecoverX has raised $100 thousand across 2 funding rounds from investors including HyperIce, SportsEngine and Praxis. Its focus areas include Life Sciences, Pain Management, Medical Devices and Therapeutic Devices. Its competitors include ViaTherm Therapeutics, Aspen Laser Systems and Austin CyberKnife; 2 of its 3 listed competitors have raised funding.
Company details
RecoverX was founded in 2016 in Mountain View, United States, and operates in the health technology sector. Portable devices for cold and heat therapy are offered to address chronic pain, with control enabled through smartphones. Optimum temperatures are achieved rapidly via electrical current, and a rechargeable battery is included for portability. The companys domain is recoverx.io.
- Headquarters Mountain View, United States
- Stage Acquired
- SectorsHealthcare
- Website ww38.recoverx.io
- Social LinkedIn Facebook
- Acquired by HyperIce (Jan 2021)
Funding Insights of RecoverX
RecoverX has successfully raised a total of $100K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $100 thousand completed in June 2018. 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 $100,000
- Total Rounds 2
- Last Round Seed — $100,000
- First Round $50,000
(Feb 2018)
- Investors Count 2
All 2 funding rounds of RecoverX 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 |
|---|---|---|---|---|---|
| Jun 2018 | $100,000 | Seed | – | Praxis | – |
| Feb 2018 | $50,000 | Grant | – | – |
3 investors in total: 3 institutional.
Investors in RecoverX
RecoverX has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include HyperIce, SportsEngine and Praxis.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sector-agnostic acceleration is provided to startups by Praxis. | praxislabs.org | New York, United States | ||
Sports teams and leagues are managed through an online platform. | 2008 | sportsengine.com | Minneapolis, United States | |
Internet first brand offering smart devices for physical fitness | 2011 | hyperice.com | Irvine, United States |
Investor details for RecoverX
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Timeline of RecoverX
4 dated milestones of RecoverX across 5 years, from founding to its latest funding, stage changes and deals.
- Founded RecoverX is founded.
- Funding First funding round of $50K.
- Funding Latest funding round, Seed, of $100K.
- Exit Acquired by HyperIce.
Competitors of RecoverX
RecoverX has 3 listed competitors in our database, 2 of them funded. They include ViaTherm Therapeutics, Aspen Laser Systems and Austin CyberKnife.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| viathermtherapy.com | 2006 | Annapolis, United States | $5.2M | Pain management devices based on shortwave diathermy are developed. | ||
| aspenlaser.com | 2012 | Lindon, United States | Provides advanced laser therapy devices for professionals and patients in healthcare. | |||
| austincyberknife.com | 2008 | Austin, United States | $850,000 | Radiation therapy for trigeminal neuralgia and cancer is developed. |
Detailed competitors of RecoverX
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Top companies in Pain Management
3 companies that operate in the same segment as RecoverX (Pain Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of therapies for the treatment of musculoskeletal disorders | 2007 | Woburn, Massachusetts, United States | USD 62 M | USD 85.55 M | 692 | |
Developer of therapeutics for pain relief and inflammatory diseases | 2004 | New York, New York, United States | USD 51 M | USD 4.33 M | 79 | |
GPCR ligand-based therapeutics for cardiovascular diseases and pain are developed. | 2007 | Philadelphia, Pennsylvania, United States | USD 203 M | USD 3.13 M | 35 |
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Frequently Asked Questions about RecoverX
RecoverX was founded in 2016 and raised its 1st funding round 2 years after it was founded.
RecoverX is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
RecoverX is a funded company, having raised a total of $100K across 2 funding rounds to date. The company's 1st funding round was a Grant of $50K, raised on Feb 2018.
RecoverX was founded in 2016 in Mountain View, United States, and operates in the health technology sector. Portable devices for cold and heat therapy are offered to address chronic pain, with control enabled through smartphones. Optimum temperatures are achieved rapidly via electrical current, and a rechargeable battery is included for portability. The companys domain is recoverx.io.
RecoverX's top competitors include ViaTherm Therapeutics, Austin CyberKnife and Aspen Laser Systems.
RecoverX has 3 investors. Key investors include HyperIce, SportsEngine, and Praxis.
Yes. RecoverX was acquired by HyperIce in January 2021.