Yamaha Motor Ventures & Laboratory Silicon Valley Leads Seed Funding Round for Australian Health Technology Startup loop+
Retrieved on:
Monday, January 27, 2020
Yamaha Motor Ventures & Laboratory Silicon Valley (YMVSV), the strategic business development and investment arm of Yamaha Motor Co., Ltd. (YMC) (Tokyo: 7272), today announced it led an AUD $3 million seed funding round for loop+, an early stage health technology enterprise based in Australia developing a pressure and movement tracking device for wheelchair-bound patients.
Key Points:
- Yamaha Motor Ventures & Laboratory Silicon Valley (YMVSV), the strategic business development and investment arm of Yamaha Motor Co., Ltd. (YMC) (Tokyo: 7272), today announced it led an AUD $3 million seed funding round for loop+, an early stage health technology enterprise based in Australia developing a pressure and movement tracking device for wheelchair-bound patients.
- Leveraging the USD $100 million Yamaha Motor Exploratory Fund (the Fund), the loop+ investment reflects YMVSVs growing interest in teams working to develop technological solutions to major healthcare challenges.
- Yamaha Motor is actively supporting innovation in the health tech sector to help bring technology to the market to address challenges and leverage opportunities for better patient care.
- Yamaha Motor Ventures & Laboratory Silicon Valley is a wholly-owned subsidiary of YMC.