WIVI Vision, a Madrid-based health tech startup, has secured €4M in a mix of equity and debt in its Series A funding round, led by Adara Ventures. The round saw participation from a consortium of investors including Hearstlab, Avançsa, Caixabank DayOne, BBVA Spark, Banco Santander, and existing partners such as Peak Thomas (Pedro Tortosa) and VC Go GMBH.
The capital infusion will be utilized to bolster WIVI Vision’s growth both domestically and internationally, alongside accelerating team expansion and the development of new technologies. This funding brings the company’s total raised capital to €7M, positioning it for significant growth in the visual health sector.
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Revolutionizing Visual Health with AI
Co-founded by Eva García Ramos and Juan Carlos Ondategui-Parra in 2016, WIVI Vision aims to address the unmet needs in visual dysfunction assessment and treatment within the optical industry. Leveraging big data and artificial intelligence (AI), WIVI Vision offers a gamified, personalized training program based on 3D games to improve vision. The solution, which boasts a 95% effectiveness rate, has been approved by the Spanish Ministry of Health as a medical class.
Expanding Internationally
Following a recent agreement with Vision Rehab Technologies, WIVI Vision is set to expand its innovative technology to the United States, becoming the exclusive distributor in the region. This move is part of WIVI Vision’s broader strategy to launch in more countries in the coming years, aiming to become the reference in visual health assessment and training at an affordable price.
A Commitment to Improving Quality of Life Through Vision
Eva García Ramos, CEO and co-founder, expressed gratitude for the investor support, emphasizing WIVI Vision’s commitment to improving children’s and adults’ visual health and quality of life with adapted and affordable technology. The company’s mission is to enhance visual health and quality of life for all people through clinical assistance that is increasingly valued by specialists and users.
With offices in Barcelona, Bilbao, and Berlin, WIVI Vision is poised to make significant advancements in visual health, offering an affordable alternative to traditional visual therapy methods. The company’s innovative approach and recent funding are set to transform the visual health landscape, improving the lives of individuals with visual dysfunctions.
