Financial/Business, OEM News

Better Walk Completes Series A Funding Round

Company prepares for launch of "alternative" crutch in spring.

Atlanta, Ga.-based Better Walk, which makes an alternative crutch to the traditional under-arm version, closed a series A funding round of $450,000 this past week. This is the company’s third round of funding to date, bringing the total funding raised to $600,000.

The round was led by MB Venture Partners, a Memphis, Tenn.-based venture capital firm. Gary Stevenson, co-founder and managing partner, will join the Better Walk board of directors.

“The funding will help us to continue down the path of manufacturing and distributing the Better Walk Crutch to patients who need it,” said Partha Unnava, CEO of Better Walk.

The Better Walk crutch was created after Partha Unnava broke his ankle, spent time on crutches, and experienced the pain suffered by so many crutch users firsthand. Manufactured via 3-D printing, the Better Walk crutch is an alternative to traditional underarm or forearm crutches that removes force from the user’s underarm area and distributes it along the user’s body. Since founding, the company has focused on developing the product and is gearing up for a launch this spring.

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