Wearable Robotics,
an Italy-based company developing wearable robotics for neuromotor
rehabilitation, has raised €5 million in a Series A funding round to support
international expansion and product development. The round was led by
CDP Venture Capital, with participation from MITO Technology, LIFTT, SIMEST,
RoboIT, and Toscana Next, a co-investment fund managed by CDP Venture Capital.
The company develops
rehabilitation solutions that combine wearable robotics with augmented and
virtual reality technologies, aiming to improve neuromotor recovery and support
activities of daily living. Its flagship device, ALEX RS, is a bilateral upper-limb
rehabilitation system with more than 50 units deployed internationally, forming
the basis of the company’s current market position.
Building on this
foundation, Wearable Robotics is focused on expanding its product portfolio
with modular and integrable robotic solutions that extend applications across
additional rehabilitation areas. The company also plans to advance regulatory
approvals in key markets, strengthen compliance processes, and accelerate the
time-to-market of its technologies.
At the same time,
the company is working to expand its commercial capabilities and distribution
network, with a focus on strengthening its presence both in existing markets
and internationally. This includes the development of new partnerships and
entry into key regions, particularly in North America.
According to CEO
Lucia Lencioni, the funding supports the company’s next phase of growth, with a
focus on scaling operations, advancing product innovation, and expanding its
global footprint:
Our goal is to
bring increasingly advanced and modular wearable robotics solutions, capable of
generating a concrete impact along the entire rehabilitation continuum.
The funding will be
used to complete the company’s product portfolio, scale commercial development,
and strengthen its competitive positioning across international markets.