NEOFECT Rehabilitation Solutions

Neofect develops innovative home exercise device and software for stroke survivors&s; fast recovery and rehabilitation.

Business Model:

Revenue: $0

Employees: 51-200

Rankings

Detailed NEOFECT Rehabilitation Solutions Information

Geographic Data

NEOFECT Rehabilitation Solutions headquarters map

Address: 233 West Portal Ave

City: San Francisco

State: CA

Zip: 94127

Country: US

Financial Info

Stage:

post ipo equity

Raised Last:

$29k

Raised Total:

$29k

Metrics

2,188,920Website Global Rank

7,231Website Monthly Traffic

Twitter Followers

Description

NEOFECT was founded in June 2010 by Hoyoung Ban and Scott Kim, two students from the University of Virginia’s Darden Graduate School of Business, and Young Choi, MS, Ph.D. of the University of Southern California, who majored in ‘stroke rehabilitation algorithm and robotics.’ NEOFECT’s flagship product, the RAPAEL Smart Glove, was released in 2014 and has been sold to many home patients in the US and the hospitals across the globe, including NewYork-Presbyterian, Department of Veterans Affairs (DVA), Shirley Ryan Abilitylab (former RIC or Rehabilitation Institute of Chicago), Brooks Rehabilitation, and Swedish Medical Center. The RAPAEL Smart Glove received FDA clearance in 2014. Other than RAPAEL Smart Glove, Neofect has launched RAPAEL Smart Pegboard, RAPAEL Smart Glove, RAPAEL Smart Board, RAPAEL Smart Kids. In 2016, NEOFECT participated in a study conducted by the National Rehabilitation Center in Korea to evaluate the impact of virtual reality-based exercises on a rehabilitation program for stroke patients. The study found VR-based rehabilitation combined with standard occupational therapy is more effective than traditional therapy alone for greater upper extremity function. NEOFECT has offices in South Korea, the U.S., and Germany. Its devices are sold in South Korea, the U.S., and all over Europe.

Contact Phone:

Contact Email:

NEOFECT Rehabilitation Solutions went public on 11/28/2018 on the Korea Exchange

Listed Exchange:
Korea Exchange

IPO Date:
11/28/2018

IPO Valuation:
$114M

Ticker Symbol:
290660

IPO Price:
$6.83/share

Live

Opened: -/share

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Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
11/2012 Venture Round 3 - SBI Investment
POSCO Venture Partners
DSC Investment
SBI Investment
POSCO Venture Partners
DSC Investment
12/2018 Post-IPO Equity $28.6k
11/2012 Venture Round 3 - DSC Investment
POSCO Venture Partners
SBI Investment
DSC Investment
POSCO Venture Partners
SBI Investment
Announced Date Name Price

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