Nymbl Science Announces $4 Million Series A Funding Round Led by Cobalt Ventures, LLC
Summary
DENVER November 5, 2020 Nymbl Science, the leader in digital, scalable fall prevention for older adults, is pleased to announce the closing of a $4 million Series A funding round. This investment will help us accelerate our growth as we continue to deliver population-level fall prevention solutions through leading health insurers, both in the U.S. and worldwide, said Ed Likovich, chief executive officer of Nymbl. The Cobalt investment gives us the ability to recruit top-notch talent and enhance our product development as we expand our balance improvement platform that has demonstrated a 35 percent reduction in injurious falls. His financial and strategic industry knowledge will be valuable as we continue to grow and expand our impact.Cobalt Ventures, LLC invests exclusively in high-growth healthcare companies with capabilities that can be scaled and leveraged nationally across the payer universe. They have demonstrated the ability to deliver their solution with excellent results through major Medicare Advantage payers and have only scratched the surface of this enormous market opportunity.