SPRY Therapeutics is a cloud-based SaaS startup that raised 15 million USD from Flourish Ventures in its ongoing funding round. The funding round saw participation from investors including Fidelity’s Eight Roads, F-prime Capital, Together Fund, and Flourish Ventures.
The startup plans to use these fresh proceeds to scale its operations, launch new offerings, expand its network, and develop a market presence. The company will use some of this investment to expand its services in the US market and enhance its platform services.
The company offers innovative and all-in-one clinic management solutions to automate complex billing processes and improve patient management. The startup provides cloud-based practice management tools for physical therapy clinics.
The online platform also offers clinic management solutions like scheduling, HEO management, billing, and reimbursements. SPRY Therapeutics provides an online healthcare SaaS platform designed to meet the needs of physical therapy clinics The startup automates intricate billing while improving data entry, report generation, and patient engagement.
The platform is designed to empower healthcare and physical therapists. SPRY directly benefits physical therapists by offering them services including solo practitioners to larger clinicians by addressing challenges like cash flow management or insurance reimbursements.
This startup provides cloud-based therapeutical solutions. Spry has raised over $25 million across multiple funding rounds since its inception, including 7 million USD secured from existing investor F prime Capital, Eight Roads Ventures, and others during its series A funding round.
The company intends to scale up and increase its market presence in the United States market. The firm claims to have grown in a short time due to its products and it achieved industry recognition in a few years of its inception.
Spry has partnered with around 105 clinics across 30 American states in the past 18 months. Entrackr reported the development first. This investment will enable the startup to enhance its market presence and boost its product development with new services across the US. The company focuses on expanding its services.
The investment shows investors’ trust in SPRY Therapeutic’s market potential and business model. This startup provides a cloud-based SaaS platform with the best therapy-related solutions for its clients. The startup gives solutions across different sectors including the B2B and SaaS in the healthtech market. The startup faces competition from other cloud-based SaaS platforms in the same market segment including Healthy Roster, WebPT, and Medantrik.
Conclusion :
SPRY Therapeutics is a healthtech startup that secured $15 million in its new funding round. Flourish Ventures led the funding round with the participation of the firm’s existing and new investors including Fidelity’s Eight Roads, F Prime Capital, and Together Fund. The startup intends to use this fresh capital to scale its business, expand its services in the US market, and enhance its platform while developing its brand presence.
The company provides clinical management solutions and cloud-based practice management tools for physical therapy clinics. The SaaS platform uses advanced technologies to optimize operations, automation, and digitized workflows. The company has raised around 25 million USD since its inception in 2021.
image source : inc42.com
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