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Muscle Health Tech Startup Closes $5M Series A
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Muscle Health Tech Startup Closes $5M Series A

an image of a physician reading a Springbok scan
Springbok Analytics wrapped an oversubscribed round for its AI-powered muscle scanning technology that addresses the needs of athletes and longevity-seekers

Springbok Analytics, developers of an FDA-cleared AI tech platform that generates automated muscle health assessments from MRI scans, has closed an oversubscribed $5M Series A funding round. 

The startup is tackling three key areas with its technology, delivering the ultimate trifecta and highlighting the investor enthusiasm surrounding life sciences, elite sports and longevity.

Springbok currently offers three rapid MRI muscle health scan options—lower extremity, core, and full body—with total imaging times ranging from 10 to 35 minutes. After the scan, images are processed by Springbok’s AI-based software and reviewed for quality. A personalized report is then created, featuring 3D muscle visualizations and data, including an analysis of tendons, bones, scar tissue and edema—typically available within 1-2 business days. Springbok recommends an annual scan alongside a traditional physical check-up to provide actionable insights to better manage muscle health, provided there are no underlying conditions, such as an injury.

Elite athletes, on the other hand, may undergo 3-4 scans a year or more, depending on whether they are rehabbing from an injury or recovering post-surgery. Additionally, the insights can help trainers and coaches optimize performance and recovery.

Scott Magargee, Springbok Analytics CEO and co-founder
Scott Magargee, Springbok Analytics CEO & co-founder (credit: Springbok Analytics)

Transition Equity Partners, LLC (TEP), which led the seed round for the muscle health analytics company, once again served as the lead investor. Additional participants in the Series A included the National Basketball Association, Cartan Capital, Boston Global and other strategic investors.

Pat Eilers, managing partner and founder of TEP, emphasized that Springbok’s recent FDA clearance marks a significant achievement, underscoring the value of its technology and “opens up exciting commercial opportunities in healthcare, including visibility to reimbursement.” He added that this advancement holds potential benefits for athletes of all levels, as well as the broader health and wellness of the general public. 

The funding will support Springbok Analytics’ reach and continued innovation, co-founder and chief scientific officer Silvia Blemker said.

“I’m incredibly proud of our progress and excited about the opportunities ahead to advance muscle research, improve patient outcomes and empower human performance,” Blemker added.

Another focus area for Springbok will be clinical trials and research.

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“This investment positions Springbok to become the global leader in precision muscle health analytics,” Springbok Analytics CEO and co-founder Scott Magargee said. “We are committed to pioneering advancements that redefine muscle health and enhance human performance.”

Springbok’s funding comes as the importance of strength training becomes a focal point of consumers, considering its numerous health benefits and reduction in cancer-related deaths. It also represents a changing tide in how consumers can approach health and wellness by prioritizing prevention and circumvent the traditional healthcare landscape with supplemental testing. Neko Health, a health tech startup co-founded by Spotify founder Daniel Ek, just secured $260 million for its non-invasive body scan system as it gears up for a U.S. launch. As of now, Neko Health has a waitlist north of 100,000 individuals for its scans, representing the massive interest in new health technology.

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