Wearable tech-startup Revibe investeert $ 250000 uit The Launch Place – WRAL Tech Wijanuari 7, 2020
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by Chantal Allam — January 7, 2020 .
RALEIGH – Kids with attention deficit/hyperactivity disorder (ADHD) often find it difficult to stay on task.
But now there’s a solution offering help.
Introducing “Revibe Connect,” a smart watch from Revibe Technologies that uses vibration technology to help the wearer stay focused inside and outside of the classroom.
The Raleigh-based startup is funded by the US Department of Education recently. It also landed an additional $250,000 investment from The Launch Place. That’s on top of $40,000 the Virginia-based investment fund made back in 2015.
Revibe app and smart watch
“The Launch Place was the first institutional investor of Revibe; we took an early risk, and it has been a pleasure watching Revibe Technologies grow to where they are now,” said Eva Doss, The Launch Place President and CEO, in a statement.
“I look forward to seeing what the future holds for them.”
To date, The Launch Place has invested $4.3 million in 17 portfolio companies.
Added Revibe Technologies CEO Rich Brancaccio: “The Launch Place has already helped us proliferate fundraising efforts and gain capital through their extensive network of investors. Their help has allowed our company to grow bigger and better, and we’re confident their expertise will help us continue to scale our business well into the future.”
Revibe Technologies CEO Rich Brancaccio
Brancaccio, a school psychologist, originally came to RIoT a few years back with his idea, eventually finding a mentor in the late RIoT founder, Larry Steffan.
Besides the focus vibration reminders, Revibe’s key features include date and time display, step counting, splash-resistant hardware and an app that shows metrics of the wearer’s daily activity, such as attention span and fidgeting.