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

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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.

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