SPRY Therapeutics Secures $15 Million in Funding to Expand US Market Presence
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SPRY Therapeutics Secures $15 Million in Funding to Expand US Market Presence

News Desk0

SPRY Therapeutics, a SaaS platform designed for physical therapy professionals, has secured $15 million in funding from investors including Flourish Ventures, Together Fund, Fidelity’s Eight Roads, and F-prime Capital. This brings the company’s total funding to $25 million since its launch in 2021.

Founded by Brijraj Bhuptani, former CTO of Ola, and Riyaz Rehman, SPRY provides an all-in-one clinic management solution that automates complex billing processes and enhances patient engagement. The platform offers a range of benefits to physical therapists, including improved cash flow management, streamlined insurance reimbursements, and enhanced data entry and reporting.n

The company has seen rapid growth in a short period, partnering with over 105 clinics across 30 American states in the past 18 months. SPRY was named the top physical therapy software solution by G2 in both the Summer and Fall editions.

With the new funding, SPRY plans to expand its presence in the US market, competing with other physical therapy software solutions such as WebPT, PromptEMR, Raintree, and Strata.

Flourish Ventures, a venture capital firm with $850 million in patient capital under management, has made over 20 investments in India and Southeast Asia. The firm’s portfolio includes Apnaklub, Aquaconnect, Brick, CredFlow, and Grab Finance, among others.

Key Highlights

  • SPRY Therapeutics raises $15 million in funding from Flourish Ventures, Together Fund, Fidelity’s Eight Roads, and F-prime Capital
  • Total funding now stands at $25 million since the company’s launch in 2021
  • SPRY provides an all-in-one clinic management solution for physical therapy professionals, automating complex billing processes and enhancing patient engagement
  • Company has partnered with over 105 clinics across 30 American states in the past 18 months
  • SPRY was named top physical therapy software solution by G2 in Summer and Fall editions
  • Firm plans to expand presence in US market with new funding

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