Dreamit's Steve Welch raises $1 million to expand cryotherapy company - Technical.ly Philly

Business

Jun. 3, 2016 8:01 am

Dreamit’s Steve Welch raises $1 million to expand cryotherapy company

The round was led by DuckDuckGo's Gabriel Weinberg. Restore Cryotherapy is bringing an ice-cold wellness treatment to more locations.

Dreamit's Steve Welch.

(Courtesy photo)

Restore Cryotherapy, a Texas-based cryotherapy company cofounded by Dreamit Ventures’ Steve Welch, recently closed a $1 million funding round.

The round was led by DuckDuckGo’s Gabriel Weinbergalong with an undisclosed group of investors mostly from the medical field.

The company, which is aiming to put a brick-and-mortar spin on cryotherapy, will use the funds to create five storefronts across the U.S. and further develop the company’s user experience. The first two locations opened in Texas in 2015.

Here’s how the company’s cryotherapy service works.

Customers are put in a chamber for three minutes with liquid nitrogen gases that bring the temperature down to -160 Celsius or -256 Fahrenheit. That’s cold.

“As you get out your body releases endorphin and reduces inflammation in the body and increases collagen production,” Welch explains.

Along with the cryotherapy offering, Restore also offers drip IV therapy, compression therapy and other wellness services, mainly aimed at people who suffer from chronic pain.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Get access to 100 services on the new website for Philly’s health department

These Jefferson students are co-inventing tomorrow’s healthcare technology

Funding news about Young Alfred Inc.

SPONSORED

Philly

Join the team at Odessa working to shake up the global leasing industry

Philadelphia, PA

Linode

Product Marketing Manager

Apply Now
Philadelphia, PA

Linode

Systems Software Engineer

Apply Now
Philadelphia, PA - Center City

Odessa

Sr. Business Analyst – Bilingual (Spanish)

Apply Now

Virion Therapeutics raises $4M to continue work on cancer, viral infection treatments

Backed by $5M Series A, Conshy-based logistics company plans big hiring push

How a Philly company is building online communities around chronic conditions

SPONSORED

Philly

How this Vistar Media software engineer succeeds on an ‘inclusive team’

Philadelphia, PA

PromptWorks

Senior UX Designer

Apply Now
Philadelphia, PA

Linode

Senior Software Engineer – Kubernetes

Apply Now
Philadelphia, PA

Linode

QA Automation Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!