Neofect - About the company
Neofect is a public company based in San Francisco (United States), founded in 2010 by Hoyoung Ban and Scott Kim. It operates as a Neurorehabilitation solutions using technology to inspire hope and improve lives. Neofect has raised $4M in funding from DSC Investment and SBI Investment Korea. The company has 24 active competitors, including 7 funded and 2 that have exited. Its top competitors include companies like HyperIce, KT Tape and Flint Rehab.
Company Details
Neurorehabilitation solutions using technology to inspire hope and improve lives. The company offers clinically proven neurorehabilitation devices designed to maximize arm and hand use through engaging and functional gameplay. They provide a range of rehabilitation solutions, including smart gloves, smart boards, and smart pegboards, utilizing virtual reality and interactive technology. Their products cater to both in-clinic and at-home rehabilitation, offering features like remote evaluation, training session creation, gamified training, and results tracking. They also provide a HIPAA-compliant video conferencing platform for remote rehabilitation. The company focuses on improving motor skills, dexterity, vision, and cognition for individuals recovering from stroke and other neurological conditions. They offer resources, support, and reimbursement guidance for healthcare providers and patients. The business model includes both product sales and subscription-based services, leveraging software and technology to deliver innovative rehabilitation solutions.
- Website
- www.neofect.com/us
- Email ID
- *****@neofect.com
- Phone Number
- +1 **********
- Registered Address
- 1432 MAIN ST STE 6,WALTHAM,MA,02451,0
Key Metrics
Founded Year
2010
Location
San Francisco, United States
Stage
Public
Total Funding
$4M in 2 rounds
Latest Funding Round
Investors
Ranked
4th among 24 active competitors
Employee Count
30 as on Aug 31, 2026
Exit Details
Public
Legal entities associated with Neofect
Neofect is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
NEOFECT USA, INC. CIN: 32062997039 , United States, Active | - | - | - |
Neofect's IPO details
Neofect got listed on Nov 15, 2018.
Click here to take a look at Neofect's IPO in detail
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Neofect's funding and investors
Neofect has raised a total funding of $4M over 2 rounds. Its first funding round was on Mar 2015. Its latest funding round was a Post IPO round on Jul 05, 2019 for $*****. 1 investor participated in its latest round. Neofect has 12 institutional investors.
Here is the list of recent funding rounds of Neofect:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 05, 2019 | 6934958 | Post IPO | 8605438 | 5313725 | 3580679 | 4121330 |
Mar 2015 | 2641989 | Series B | 1193986 | 8399738 | 6887416 |
View details of Neofect's funding rounds and investors
Neofect's founders and board of directors
Founder? Claim ProfileThe founders of Neofect are Hoyoung Ban and Scott Kim.
Here are the details of Neofect's key team members:
- Hoyoung Ban: Co-Founder & CEO of Neofect. Contact Info: 1 email address
- Scott Kim: Co-Founder of Neofect. Contact Info: 1 email address
View details of Neofect's Founder profiles and Board Members
Neofect's employee count trend
Neofect has 30 employees as of Aug 26. Here is Neofect's employee count trend over the years:
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Neofect's Competitors and alternates
Top competitors of Neofect include HyperIce, KT Tape and Flint Rehab. Here is the list of Top 10 competitors of Neofect, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | HyperIce 2011, Irvine (United States), Series C | Internet first brand offering smart devices for physical fitness | $52.5M | 69/100 | |
2nd | KT Tape 2009, American Fork (United States), Acquired | Manufacturer of kinesiology tape, health products, and related application accessories | - | 56/100 | |
3rd | Flint Rehab 2011, Irvine (United States), Early Stage | Developer of stroke rehabilitation systems | $8M | 51/100 | |
4th | Neofect 2010, San Francisco (United States), Public | Neurorehabilitation solutions using technology to inspire hope and improve lives | $4M | 47/100 | |
5th | Neurometry 2021, London (United Kingdom), Seed | Provider of cognitive enhancement gaming applications | $284K | - | 35/100 |
6th | Provider of IoT development services | - | 34/100 | ||
7th | AI-based gamified digital therapeutics and wearable products for cognitive enhancement | $108K | 32/100 | ||
8th | neuroFit 2016, Mountain View (United States), Seed | Oculometric assessment for neural health monitoring, optimization, and performance enhancement | - | 31/100 | |
9th | Firefly Recover 2017, Fullerton (United States), Seed | Developer of a recovery device for delayed onset muscle soreness relief | $1M | - | 31/100 |
10th | Provider of tools for virtual rehabilitation to patients and healthcare professionals | $20K | 31/100 |
Looking for more details on Neofect's competitors? Click here to see the top ones
Neofect's Investments and acquisitions
Neofect has made no investments or acquisitions yet.
Reports related to Neofect
Here is the latest report on Neofect's sector:
News related to Neofect
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Neofect wins gov't fund to develop AI-based digital rehabilitation deviceKBR•Aug 22, 2023•Neofect, Kmdf
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World’s first wearable to treat depression files for approval in KoreaPulse•Nov 26, 2020•Ybrain, Neofect
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Neofect Launches Companion App for Stroke RehabilitationMedical Product Outsourcing•Aug 14, 2020•Neofect
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Neofect Wins 2020 BIG Innovation Award for Gamified Rehabilitation SolutionsBusiness Wire•Jan 28, 2020•Neofect
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NEOFECT Honored with San Francisco Design Week VirtualTech Award for Second Consecutive YearBusiness Wire•Jun 24, 2019•Neofect
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NEOFECT's Smart Board for Home NextGen Broadens Accessibility for Patients Recovering From Stroke, InjuryCMOCRO•May 07, 2019•Neofect
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