Latest news with #CaduceusCapitalPartners
Business Wire
2 days ago
- Business
- Business Wire
Robotic Pet Company Tombot Secures $6.1M Series A Funding to Support Groundbreaking Health and Senior Care Product Line
LOS ANGELES--(BUSINESS WIRE)-- Tombot, the robotics company that earned widespread acclaim at CES earlier this year for its lifelike robotic puppy, Jennie, announced today the successful close—and oversubscription—of its $6.1 million Series A funding round. Tombot's flagship product, Jennie, was designed specifically to treat the Behavioral and Psychological Symptoms of Dementia (BPSD) and other health issues. 'Tombot is entering a high-demand, underserved market at the intersection of mental health and assistive technology,' said Tombot CEO and Co-Founder Tom Stevens. 'Over 300 million seniors around the world with dementia and mild cognitive impairment are unable to care for a live animal at a time when they need the companionship of a pet more than ever. Millions of other individuals suffering from mental health adversities are in a similar predicament.' With artistic design by Jim Henson's Creature Shop, and developed with the guidance of clinical experts, patients, and their families, Jennie provides many of the health benefits associated with live animal ownership, such as reduced stress and loneliness. Jennie will be used in private homes, assisted living and memory care communities, and other settings where live animals are not always safe or practical. Covered with sensors to respond to touch, voice commands, movement, and other sensory inputs, Jennie is rechargeable, fully cleanable, and comes with an optional caregiver app to customize behaviors and ease the burden of caregiving. With participation from both new and existing investors, the funding round was led by Caduceus Capital Partners, a Nashville-based team of veteran healthcare investors with a primary emphasis on accelerating growth of early-stage digital health startups. 'We identified the growing need for robotic companions several years ago and believe the market is now on the brink of exponential expansion,' said Dave Vreeland, senior managing partner, Caduceus Capital Partners. 'By 2030, the U.S. is projected to have 73 million seniors – an aging population that will increasingly face challenges related to loneliness, companionship, and chronic disease management. These issues are rapidly surpassing the capacity of human caregivers alone. Tombot is uniquely positioned to lead this emerging sector and drive widespread adoption of robotic companions." 'This investment will be rocket fuel for Tombot,' said Stevens. 'We are most appreciative of our company's Board of Directors for their ongoing guidance, and are especially grateful to Caduceus for recognizing and supporting Tombot's mission of creating robotic animals that transform the daily lives of individuals, families, and communities facing health adversities.' According to Stevens, this milestone investment will be used to expand Tombot's team, finalize engineering, complete regulatory and safety certifications, and prepare its first robotic pet for customer shipments to its more than 16,000 pre-order and waitlist customers. About Tombot Tombot, Inc., established in 2017, designs realistic robotic companion animals for individuals unable to safely or practically care for a live animal. After Tom Stevens' own mother's progressive dementia necessitated the rehoming of her beloved pet dog for safety reasons, Tom launched Tombot. Tombot's flagship product, Jennie, was designed specifically to treat the Behavioral and Psychological Symptoms of Dementia (BPSD). The Tombot founding team built a prior startup into one of the world's largest legal automation companies and was successfully acquired.
Yahoo
28-05-2025
- Business
- Yahoo
Caduceus LAUNCH Selects Six Startup Companies for Spring Cohort
NASHVILLE, Tenn., May 28, 2025--(BUSINESS WIRE)--Today, Caduceus LAUNCH announced the selection of six digital health startups to participate in the accelerator program's spring cohort. The following companies were selected from an exceptionally competitive pool of nearly 100 applicants: Attune Media Labs leverages the extraordinary power of emerging technologies to create scalable personal empathetic companions proven to reduce loneliness, anxiety, and stress and promote human wellbeing. BobiHealth works to end avoidable maternal and infant mortality. The company's app uses ethical AI to revolutionize pregnancy care, providing vital, evidence-based information for safer pregnancies. Cogensus is a proprietary digital health and analytics platform focused on cognitive health support, data insights, and legacy preservation. Elarin Health supports improved clinical decision-making with personalized, predictive insight—helping care teams anticipate fall risk and improve outcomes through earlier intervention. TheraVista is bringing AI vision and gamification to vestibular physical therapy, with an app to help patients complete their balance exercises correctly and avoid a catastrophic fall. Vie Science is revolutionizing fertility care, reframing it from the realm of treatment to prevention—shifting from a mechanical, one-size-fits-all approach to an integrated, data-driven, and human-centered solution. Designed to drive transformative impact and unlock profitable growth, Caduceus LAUNCH will provide vital support to these companies through the intensive 12-week accelerator period and beyond, including: Strategic seed funding and actionable growth guidance. Access to top-tier investors and Caduceus' extensive network of healthcare leaders. Tailored mentorship from industry veterans and healthcare innovators. Team-building support via Caduceus TALENT to secure top hires and build high-performing teams. "Pre-seed digital health startups often face significant hurdles, such as limited access to capital, talent, and networks, along with the inherent complexities of scaling in healthcare," said Dr. Mitch Morris, managing principal, Caduceus LAUNCH. "We created Caduceus LAUNCH to empower promising founders with the resilience, adaptability, and strategic tools they need to succeed. I look forward to working with this talented group of visionaries as they build the future of healthcare." Meetings for the spring cohort begin in June. Applications for the Caduceus LAUNCH fall 2025 cohort are open now through August 1 and fall sessions will commence on September 8. Startups with bold digital health solutions that align with Caduceus' investment thesis and tackle critical market needs are encouraged to apply. About Caduceus Capital Partners Caduceus Capital Partners is a venture capital firm dedicated to investing in and accelerating the growth of digital health startups. By combining capital with talent and innovation, we aim to create a synergistic environment that benefits both our investors and the companies we support. Visit to learn more. View source version on Contacts Katie Schlacter Schlacter Consulting Katie@ Sign in to access your portfolio
