JOGO Health, a medical technology company treating chronic pain and neuromuscular disorders, announced it has raised over $5.5 million in an investment round led by Hourglass Ventures. And due to high demand, the company is opening the round to public retail investors through a Regulation CF community investment round on Wefunder, inviting retail investors to join alongside firms like Mayo Clinic Ventures (the venture arm of the renowned hospital).
JOGO’s wearable technology and app utilize the brain’s natural neuroplasticity to provide non-invasive, drug-free relief for conditions including chronic lower back pain, stroke recovery, migraines, and incontinence. Cleared by the FDA and reimbursed by Medicare and commercial insurance, JOGO is expanding a $380 billion market without drugs or surgery, supported by 18 patent claims across all neuromuscular conditions.
JOGO already treated 25,000+ patients across 50+ hospital channel partners, including Mayo Clinic, Mount Sinai Hospital, and Brigham and Women’s Hospital.
Run by a team of accomplished healthcare entrepreneurs, JOGO’s team brings experience from Columbia University, Harvard University, Yale University, AT&T, Johnson & Johnson, and Astrazeneca.
The company’s co-Founder and CEO Sanjai Murali built JOGO from zero to FDA market authorization. And Siva Nadarajah, President and Co-Founder, previously sold an AI healthcare startup to leading clinical research company IQVIA, delivering a 10 times return to investors.
The funding raised will support JOGO’s commercial launch, putting JOGO on track to becoming the first line of treatment for chronic pain and other neuromuscular disorders – impacting one in five people globally. And the community investment round is open to everyone via Wefunder, with a minimum investment of $100.
KEY QUOTES:
“The conviction of our investors is phenomenal. This round will enable us to meet growing demand.”
- Siva Nadarajah, President and Co-Founder
“We believe healthcare is too important to be controlled by a few. JOGO is founded on the vision of ‘by the world, for the world,’ and opening our investment round to retail investors on Wefunder is a crucial step towards realizing this vision.”
- Sanjai Murali, CEO and Co-Founder
