Australian disability tech accelerator Remarkable has backed a US med tech startup reducing urinary tract infection (UTI) risks in a US$6 million (A$9.1m) Seed raise.
The round for New York medtech startup Aurie, was led by existing investor Lakehouse Ventures.
Founded in 2018, Aurie has developed a reusable, no-touch, intermittent catheter system used by people with spinal cord injuries that cuts the potential for UTIs, a common but severe problem for people who’ve lost the use of their lower limbs and rely on catheters – a tube inserted in the bladder to drain urine.
The Aurie smart catheter system is hoping to change the lives out around 600,000 American users and following its US launch, is looking to expand into the Australian market.
Remarkable, the startup venture arm of the Cerebral Palsy Alliance and Cerebral Palsy Alliance Research Foundation, invested through its novel Scaler initiative, which which backs disability tech startups. Remarkable founder Pete Horsley said it marks a pivotal moment in their journey towards fostering global change in the disability space through technology.
“Remarkable is excited to expand its mission with the launch of our new Scaler initiative to shift the dial in creating a world of opportunity, access and possibility for the more than 1.3 billion people globally with disability,” he said.
“We see disability as a driver of innovation and will now also be investing Seed to Series A stage capital to help disability tech ventures on their path to sustainable impact.”
Accelerator applications open
Meanwhile, applications for the next Remarkable accelerator cohort are now open, with applications closing on April 29.
The 16-week program runs from June 17 to October 4, offering bespoke support and mentoring, access to their global network, and $100,000 in Seed funding for startups developing disability tech solutions.
There’s an “Ask Me Anything” Zoom session, next Wednesday, April 10, at 12:30-1:30pm AEST, hosted by program manager Emma Earley
To register for the AMA or apply for the Remarkable accelerator click here.
Trending
Daily startup news and insights, delivered to your inbox.