We are thrilled to announce that GripAble has today (19 July 2021) been placed at number 4 in the BusinessCloud’s inaugural MedTech 50 ranking for 2021.
The new annual ranking celebrates the UK’s most innovative start-ups, scaleups and established firms developing technologies to help diagnose and treat existing conditions – mostly in a hospital or clinical setting – and other biotechnology companies.
Around 110 companies were shortlisted for potential inclusion in the MedTech 50. The final ranking was determined by a combination of a public vote and selections from an expert judging panel, with GripAble positioned at number 4 on the list.
Commenting on the ranking, GripAble CEO and co-founder Dr Paul Rinne says: “We are delighted that GripAble has not only made it into the MedTech 50 ranking, but also in the top 5 companies, and would like to thank our voters and judges for their support.
“We see the ranking as a really powerful accolade for GripAble and a key indicator that we are on the right track, as we seek to scale our technology throughout the UK and Europe and enable more people to access gold standard care from professional therapists.”
“We are proud that GripAble is already one of the most-adopted remote rehab platforms in the UK .” Paul adds. “We have had over 4,500 individual GripAble users and well over one million movements recorded every month. Our platform is providing a level of engagement and insight into patient activity that’s never before been achieved, which will enable data-driven, personalised therapy programmes, increasing adherence to prescribed care and help us to deliver better outcomes for our users.”
Following the successful close of a £1.6m pre-series A funding round earlier this year, GripAble’s Series A fundraise will kick off in the second half of 2021 to help further scale the technology ahead of our upcoming US market launch. The funding will also facilitate the delivery of our digitally led, remote patient engagement platform which collects empirical data on adherence and persistence, as well as objective data on rehabilitation outcomes to support therapists and users.
For more information about the MedTech 50 ranking, click here.
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