KYMIRA secures a £500k grant and private investment to expand in the US and launch new devices.
The funding round was backed by Henley Business Angels and Innovate UK.
KYMIRA develops smart garments embedded with bio-responsive technology that converts light and body heat into infrared wavelengths to aid muscle recovery.
KYMIRA has secured a £500k grant from Innovate UK alongside private backing from members of Henley Business Angels. The funding follows previous investments from the angel network and supports the company as it scales its operations.
The fresh capital will enable KYMIRA to accelerate its international expansion into the United States and roll out a new line of bio-tracking devices. The firm has already made headway in the American market, securing clients among professional sports teams and joining the Comcast NBC Universal SportTech Accelerator programme earlier this year.
From the founder
"continued support will ensure that the impact of our newest technologies will not just be limited to sportsmen and women, but will benefit the broader population through medical applications of our technology as well"
Tim Brownstone
Founder and CEO at KYMIRA
Use of funds
- 01Expand into international markets
- 02Continue product development
