CORTADO VENTURES CLOSES INVESTMENT WITH SWAY MEDICAL
Original Article
Published by Nathaniel Harding at Cortado Ventures | Sep 17, 2020
OKLAHOMA CITY, OK, September 2020 – Cortado Ventures is pleased to announce it has funded Sway Medical of Tulsa, Oklahoma. The Series A investment from Cortado will enable Sway to scale its patented neurological assessment technology. The investment will also help Sway add key positions and grow other market applications of their breakthrough technology.
The Cortado Ventures fund is managed by partners Nathaniel Harding, David Woods, and Mike Moradi. The fund invests in early stage companies in a variety of Oklahoma regional sectors by aggregating and managing investor capital, and helps startups grow through seed funding, collaboration, and mentorship. The Cortado partners have launched the venture capital fund to build next generation companies which will bring future-ready technology jobs to the region.
"We put powerful assessment tools in the hands of patients and professionals, enabling mobility, accuracy, and distributed health care." — CEO Chase Curtiss
The Sway System combines objective balance and cognitive measures to support healthcare professionals in performing accurate and informed evaluations with nothing more than the mobile device they already own. Sway is available on both the Apple and Android operating systems. CEO Chase Curtiss said: “Using a mobile device with Sway’s FDA cleared balance system and its motion reaction time test, health care professionals can quickly analyze impairment. We put powerful assessment tools in the hands of patients and professionals, enabling mobility, accuracy, and distributed health care.”
Nathaniel Harding, Managing Partner of Cortado Ventures, said: “Sway’s management has developed a truly differentiated technology with tremendous potential. The Sway System has category-leading application in athletics, workforce management, and medical offices; as well as immediate revenue-generating traction with a considerable and proven growth ramp.”
Sway CEO Chase Curtiss added: “It is our distinct pleasure to partner with Cortado Ventures and other top-tier venture capital firms. Their network multiplies our access to customers in this period of significant growth.”
The announcement of Cortado’s investment follows the firm exceeding the $10 million targeted fundraise in only 10 weeks. Said Harding, “We have been overwhelmed that two months we raised $10 million, confirming our view that investors recognize this generational opportunity.”
Sway Medical will hire key roles in development and software engineering, and expand their patented technology to workforce and medical diagnostic applications. Cortado Ventures will support the company as it expands in Oklahoma and beyond, enabling strategic partnerships for the company’s growth.
Cortado Ventures is an early stage venture capital firm investing in ambitious, growth-driven companies to define a new generation of economic prosperity for Oklahoma and the immediate region.