LYVA Labs: Supporting Seven Innovators with £305k Investment

Deal News | Nov 07, 2024 | Business Cloud

LYVA Labs: Supporting Seven Innovators with £305k Investment

LYVA Labs has marked a milestone by making seven separate investments in a single month, with a total funding of £305,000 distributed among health tech and deep tech companies. The investments include HealthTech enterprises like Vizbox, aimed at innovating stroke rehabilitation through VR, and Good Vibrations, which focuses on creating supportive insoles for children with autism. LYVA Labs, boosted by £11 million from the Liverpool City Regions Combined Authority, seeks to drive innovation and growth by empowering new technologies tackling real-world challenges. Vizbox, located in Birkenhead, has successfully tested its virtual reality tool SKYLA VR at the University of Liverpool, showing promising results in personalized stroke rehabilitation by enhancing motor skills and improving well-being. Another recipient, Good Vibrations from Liverpool City Region, has developed an innovative solution for children with tiptoe walking due to autism. Through initial testing, this product has demonstrated reliable improvement results. LYVA Labs aims to catalyze economic growth in Liverpool City Region by fostering partnerships and attracting further investment to commercialize pioneering ideas.

Sectors

  • HealthTech
  • DeepTech
  • Venture Capital

Geography

  • United Kingdom – LYVA Labs and several companies mentioned, such as Vizbox and Good Vibrations, are based in the UK.
  • Liverpool City Region – The investment activities and economic growth efforts mentioned are specifically aimed at the Liverpool City Region.

Industry

  • HealthTech – The article discusses investments in companies like Vizbox that focus on health-related technology innovations.
  • DeepTech – The article highlights LYVA Labs investing in advanced technological fields, as seen with companies like Barro and Birl.
  • Venture Capital – The entire theme revolves around LYVA Labs' activities as a venture capital firm investing in innovative startups.

Financials

  • £305,000 – Total initial funding provided by LYVA Labs to seven innovators in one month.
  • £11,000,000 – Funding provided by Liverpool City Regions Combined Authority to LYVA Labs.

Participants

NameRoleTypeDescription
LYVA LabsInvestorCompanyA venture capital firm investing in innovative startups and supported by Liverpool City Regions Combined Authority.
VizboxRecipient of InvestmentCompanyA HealthTech company based in Birkenhead focusing on virtual reality tools for stroke rehabilitation.
Good Vibrations OnlyRecipient of InvestmentCompanyA company developing sensory feedback insoles for children with autism.
Liverpool City Regions Combined AuthorityFunding bodyGovernmentProvided 11m in funding for LYVA Labs to drive innovation and economic growth.