TitletownTech Venture Fund has invested in a Charlottesville, Virginia-based company that uses artificial intelligence to analyze an individual’s muscle system to support injury prevention, injury recovery and rehabilitation, performance optimization and the treatment of musculoskeletal conditions.
Terms of TitletownTech's investment size in Springbok Analytics was not disclosed.
The TitletownTech $25 million venture fund, operated from Green Bay, is backed primarily by the Green Bay Packers and Microsoft Corp., along with limited partners AmeriLux International, Baird, Cornerstone Foundation of Northeastern Wisconsin, Dickman Ventures, Green Bay Packaging, N.E.W. Venture Foundry, Plexus, Schreiber, Schneider, Sartori Cheese, The Village Companies and Weyers Investments.
Springbok was spun out of the University of Virginia by three professors. Its technology can be used by providers to personalize the care of patients in athletics, the military and medical fields. The company, founded in 2013, has partnered with a top team physician for both the NFL's Washington Football Team and Major League Baseball's Washington Nationals to transform MRIs of professional athletes into 3-D digital images to help team physicians understand injuries and assist with their recovery process.
“By starting with elite athletes, we’ve really shown the value of this technology not only for that population, but for so many different types of people,” said Scott Magargee, Springbok’s CEO. “Strategic partnerships and engaged advisers are key factors in our growth, so we’re absolutely thrilled to have the TitletownTech team as both a strategic partner and trusted adviser supporting our mission. We truly believe their involvement will be game-changing for us on many levels.”
Springbok recently raised $1.6 million from private investors.
“Springbok’s platform presents unique data insights and is positioned to significantly advance precision health in musculoskeletal care,” said Jill Enos, managing director of TitletownTech. “We are excited about the impact of this technology on health care outcomes.”
