SPRY Therapeutics, a Pune, India-based SaaS platform for physical therapy professionals, has raised $15 million in funding.
Investors
The round was led by Flourish Ventures, Together Fund, Fidelity’s Eight Roads, and F-Prime Capital, bringing SPRY Therapeutics total funding to $25 million.
Flourish Ventures is a global early-stage venture capital firm managing $850M. It supports entrepreneurs in advancing financial health for individuals and small businesses, investing with a long-term view. Flourish partners with 70+ fintech founders and 18 ecosystem leaders in research, policy, and regulation.
Together Fund is a venture capital firm based in Bangalore, India, that supports ambitious, purpose-driven teams with capital, community, and operational expertise. The fund, founded in 2021, typically invests up to $5M in SaaS and AI startups.
Eight Roads Ventures is a global venture capital firm backed by Fidelity, focusing on scaling technology and healthcare companies. With over 50 years of experience, $11B in assets under management (AUM), and a presence in China, Europe, India, and Japan, they have invested in 300+ companies, resulting in over 60 IPOs.
F-Prime Capital is a Boston-based venture capital firm managing over $3B in AUM, focusing on early-stage investments across healthcare and technology. F-Prime also has offices in San Francisco and London.
SPRY Therapeutics Use of Funds
The company will use the funds to accelerate its expansion in the US market.
About SPRY Therapeutics
Founded by Brijraj Bhuptani and Riyaz Rehman, SPRY Therapeutics offers an innovative clinic management solution that simplifies billing and enhances patient engagement. Its AI-driven platform automates complex billing tasks, streamlines clinic operations, and improves efficiency for physical therapists. The company has partnered with over 105 clinics across 30 US states.
Funding Details
Company: SPRY Therapeutics Inc.
Raised: $15.0M
Round: Unknown
Funding Date: October 2024
Lead Investors: Flourish Ventures, Together Fund, Fidelity’s Eight Roads, F-Prime Capital
Additional Investors:
Company Website: https://www.sprypt.com/
Software Category: Physical Therapy Clinic Management
Source: https://www.entrepreneur.com/en-in/news-and-trends/spry-therapeutics-to-accelerate-us-expansion-following-usd/481014