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Physera has raised $13.8M across 3 funding rounds.
Key people at Physera.
Physera has raised $13.8M in total across 3 funding rounds.
Physera offers a digital platform providing virtual physical therapy for musculoskeletal (MSK) conditions. Its core product connects individuals with licensed physical therapists via telehealth and delivers personalized exercise regimens through a mobile application. This integrated approach aims to provide accessible, tailored care, streamlining management and recovery for MSK issues.
Co-founded in 2015 by Dan Rubinstein, formerly a Product Management Director at Google, and Cameron Marlow, Physera emerged from a shared understanding of physical therapy access challenges. The founders sought to leverage technology to overcome traditional care barriers, creating a more efficient, patient-focused experience for MSK treatment.
The platform serves individuals seeking convenient, expert solutions for chronic and acute musculoskeletal pain and injury rehabilitation. Physera's vision centers on transforming physical therapy delivery, making professional care continuous and seamlessly integrated into users' daily routines. The company empowers individuals to proactively manage conditions and achieve lasting physical well-being.
Key people at Physera.
Physera was a digital health startup launched in 2015 that provided virtual physical therapy for musculoskeletal (MSK) conditions, specializing in muscle and joint pain through telehealth video visits, in-app animations, voice prompts, and personalized digital exercise therapy.[1][2][3] It served employers and health plans by offering on-demand access to licensed physical therapists nationwide, aiming to reduce healthcare costs by preventing opioids, specialist visits, imaging, and surgery.[1][6] Physera solved the problem of limited access to MSK care with a clinically-focused, human-centered model that improved outcomes and lowered comorbidities, demonstrating early traction through partnerships like Activision Blizzard in 2019.[1][6]
In May 2020, Omada Health acquired Physera for a reported $30 million, integrating its MSK services into Omada's chronic care platform to create a comprehensive digital suite covering diabetes, hypertension, prevention, and MSK.[1][2][5][6] Post-acquisition, Physera's technology and Physical Therapy Group became core to Omada's offerings, earning URAC accreditation for MSK telehealth in 2023 and supporting growth with $192 million in funding.[4][5]
Physera emerged in 2015 amid rising demand for virtual MSK care, founded to modernize treatment through direct access to top providers and personalized digital interventions.[1][3] Led by CEO Dan Rubinstein, the company built a coast-to-coast network of licensed physical therapists empowered by technology for on-demand diagnosis and care plans.[2][7] Early traction came from employer partnerships, such as Activision Blizzard in 2019, where claims data showed cost savings for participants.[6] The pivotal moment arrived in 2020 when Omada Health, a 2011-founded pioneer in virtual chronic disease management, acquired Physera to expand into MSK, aligning with Omada's "digital care made human" philosophy.[1][2][5]
This acquisition blended Physera's expertise with Omada's evidence-based programs, fueling innovations like computer vision for remote movement assessment.[5]
Physera rode the telehealth boom for MSK care, accelerated by pandemic-driven demand for accessible, virtual-first solutions amid clinician shortages and rising chronic pain prevalence.[1][2] Timing was ideal as employers sought integrated digital health to cut costs on comorbidities like opioids and surgery, aligning with shifts toward value-based care.[1][6] Market forces favoring Physera/Omada include evidence-based virtual programs gaining accreditations (e.g., NCQA, URAC) and funding surges, like Omada's $192M round and $57M growth capital.[4][5] It influenced the ecosystem by pioneering hybrid PT models, now standard in digital health platforms, enabling scalable chronic care and setting benchmarks for human-centered telehealth.[2][5]
Post-acquisition, Physera's legacy powers Omada's MSK expansion, with innovations like AI-driven movement tracking positioning it for broader chronic care dominance.[5] Trends like whole-person virtual health, regulatory support for telehealth, and employer prioritization of MSK will shape growth, potentially through further integrations or partnerships.[2][4] Omada's influence may evolve into a one-stop chronic disease platform, bending health curves as employers demand comprehensive, cost-effective solutions—echoing Physera's original vision of accessible, human-led recovery at scale.[2][6]
Physera has raised $13.8M across 3 funding rounds. Most recently, it raised $8.0M Series A in March 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2019 | $8M Series A | Mike Spadafore | Expa, First Step Fund, Innovation Endeavors, J Angels, LUX Capital, Slow Ventures | Announced |
| Nov 16, 2017 | $2.8M Venture Round | — | Expa, First Step Fund, Innovation Endeavors, LUX Capital, Slow Ventures | Announced |
| Nov 1, 2017 | $3M Seed | — | — | Announced |
Physera has raised $13.8M in total across 3 funding rounds.
Physera's investors include Mike Spadafore, Expa, First Step Fund, Innovation Endeavors, J-Angels, Lux Capital, Slow Ventures.