Sway Medical gains $750k in Series A fund, new partner, FDA clearance

By IVCPOST Staff Reporter

Jun 21, 2013 11:34 AM EDT

Sway Medical announced on Friday that it gained $750,000 as its investment round was put to a close. The Series A funding was led by OKAngel Sidecar fund and several other angel investors. Sway Medical is a mobile medical diagnostics solutions provider.Sway Medical has raised a total of $1.325 million worth of investments.

Sway Medical also announced its new product, the Sway Balance, which has recently been approved for release by the Food and Drugs Administration. Sway Balance is an application which helps in diagnosing targeted at medical professionals such as doctors, nurses, trainers, and therapists.

The company also announced its recent partnership with ImPACT Applications, which it said will further Sway Medical's distribution channels and expand its market.

"We are extremely pleased to have the ongoing support of angel investors and the state of Oklahoma - together they have positioned Sway Medical for tremendous growth and the opportunity to make a real difference for people with serious injuries and medical ailments," said Sway Medical's founder and Chief Executive Officer Chase Curtiss.

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