The Maryland Momentum Fund has made its second investment, providing $250,000 to NextStep Robotics.
NextStep Robotics, a US-based medical device manufacturer based on research at several Maryland institutions, has raised $750,000 in funding from investors including the Maryland Momentum Fund.
The fund, a $25m set up by University System of Maryland in March 2017, supplied $250,000. It participated alongside a group of investors affiliated with boutique investment banking advisory firm Fort Capital.
NextStep Robotics is working on a robotic device that treats foot drop syndrome – a weaknessor paralysis of muscles that prevents…
