Restore Cryotherapy, an Austin, Texas-based cryotherapy service provider, raised $1m in funding.
Backers included Gabriel Weinberg, the founder of DuckDuckGo, professional athletes like Jeff Foster and other individuals in the medical profession and angel investors.
The company intends to use the funds to expand its existing presence from 2 stores to 7 stores over the next 6 months.
Co-founded in 2015 by Jim Donnelly and Steve Welch, Restore Cryotherapy opened two different concept stores offering whole body cryotherapy, IV drip therapy, oxygen therapy, compression therapy and other wellness services. Developed in the 1970’s in Japan to help rheumatoid arthritis patients, whole body cryotherapy involves getting into a chamber at -240oF for up to 3 minutes. Natural and safe, Cryotherapy helps to decrease inflammation, increase cellular survival, and reduce pain.
Current locations are in Austin, Round Rock and Charlotte will be followed by the opening of services in Lakeway, TX, Houston, TX and an additional one in Charlotte, NC in the next month.