Theratec: Funding, Investors & Team (Oct 2026)
Theratec is a digital health platform that allows providers to improve patient outcomes and satisfaction while reducing the cost of care. TheraTec is the first company to focus on a proprietary mobile digital therapy with patented technology specific to the orthopedic market. It offers a promising new way to hold patients accountable, improve patient outcomes, and lower costs. The TherApp Virtual Clinic is TheraTec’s mobile therapy platform that increases provider and patient value. This is accomplished by improving outcomes, lowering costs, and extending caregiver reach through digital therapeutics. TherApp uses TheraTec’s patented behavior change platform, which combines therapy, wearable technology, and behavior modification into a mobile experience for better patient satisfaction and clinical outcomes.
Theratec has raised $580k across 2 funding rounds on record, the most recent an undisclosed round of $380k announced in Sep 2023.
That round is below the $4.9M median round size for Health Care companies tracked on FundedIQ over the last two years.
Theratec Company Profile and Key Stats
Latest funding round on record: Sep 2023.
Theratec Funding Rounds
Theratec raised $200k in an undisclosed round announced in Apr 2023.
5 months later, an undisclosed round of $380k was announced in Sep 2023.
Theratec Founders and Leadership Team
Contact details for the Theratec team: 1 of 2 have an email address on file.
Start 14-day free trial →Theratec Funding Compared to Other Health Care Startups
Theratec's latest round of $380k is below the median round in Health Care. Medians cover the last 24 months of disclosed rounds.
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Theratec Funding FAQs
What does Theratec do?
Theratec is a digital health platform that allows providers to improve patient outcomes and satisfaction while reducing the cost of care. TheraTec is the first company to focus on a proprietary mobile digital therapy with patented technology specific to the orthopedic market. It offers a promising new way to hold patients accountable, improve patient outcomes, and lower costs. The TherApp Virtual Clinic is TheraTec’s mobile therapy platform that increases provider and patient value. This is accomplished by improving outcomes, lowering costs, and extending caregiver reach through digital therapeutics. TherApp uses TheraTec’s patented behavior change platform, which combines therapy, wearable technology, and behavior modification into a mobile experience for better patient satisfaction and clinical outcomes.
How much funding has Theratec raised?
Theratec has raised $580k across 2 rounds on record. The most recent is an undisclosed round of $380k announced in Sep 2023.
When did Theratec last raise funding?
Theratec's most recent funding round on record is an undisclosed round of $380k, announced in Sep 2023.
Who founded Theratec?
FundedIQ lists Josh Ulrich (Founder) at Theratec.
Who is the CEO of Theratec?
Tony Hyk is listed as CEO at Theratec.
Where is Theratec headquartered?
Theratec is based in Bloomington, Minnesota, United States.
How many employees does Theratec have?
Theratec is in the 1-10 employee band.
How does Theratec's funding compare to other Health Care startups?
Theratec's latest round of $380k is below the $4.9M median round size for Health Care companies on FundedIQ across 3,659 tracked companies over the last two years.
About FundedIQ's Theratec Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Theratec is left off this page rather than filled in.
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