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Sway Medical Receives $700K Series A

2013-06-21
TULSA, OK, The OK Angel Sidecar Fund, has invested $300,000 in Sway Medical, the developer of an FDA cleared balance system for stability assessment.
The OK Angel Sidecar Fund, an investment vehicle created through a partnership with the Oklahoma Department of Commerce and the U.S. Treasury State Small Business Credit Initiative, has invested $300,000 in Tulsa, OK based Sway Medical, LLC. The OK Angel Sidecar Fund specifically targets opportunities to invest alongside Oklahoma angel investors adding $400,000 to complete the Series A funding. The Series A investment brings the total amount raised by Sway Medical to $1,275,000.

The company's initial product is the Sway Balance software, an FDA cleared balance system for stability assessment using existing hardware in an iOS mobile device. With nothing more than a smartphone or tablet device, health care professionals can quickly analyze a patient's stability using the Sway Balance mobile application software, reinventing the way athletes and patients are monitored for signs of musculoskeletal, neurological and vestibular dysfunction.

The Sway Balance software is currently beta testing with athletic and clinical groups prior to market launch. The Series A funding will help bring the FDA cleared product to both the sports market, to better manage concussions, and the clinical market to provide more objective outcomes for physical therapists, physicians and other medical professionals.

About Sway Medical, LLC
Sway Medical is a medical technology company that reinvents the way outcomes-based patient care is measured. The company's flagship product, Sway Balance, revolutionizes the way athletes and patients are monitored for signs of musculoskeletal, neurological and vestibular dysfunction using any iOS mobile device. For more information, please visit http://swaymedical.com.
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