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PRODUCT NEWS
Aescape secures US$30m in series A funding to bring AI massage tables to US market in 2023
30 Nov 2022 . BY Megan Whitby
American entrepreneur Eric Litman founded Aescape in 2017 / Aescape
American entrepreneur Eric Litman founded Aescape in 2017 / Aescape
Aescape, a tech company building automated, data-driven massage tables that mimic human touch, has announced a US$30m (£24.9m, €28.9m) Series A funding round.

With this backing, the New-York-based company will enhance its AI-powered technology and bring its Aescape Experience to the US market in 2023. The funding brings Aescape's total capital to US$47.5m (£39.5m, €45.7m).

Aescape’s mission is to ‘redefine the massage and wellness category through intelligent touchless technology that helps people to feel and live better longer’.

“Our team is working to bring beautifully-designed, fully-automated, therapeutic massage and wellness experiences to market with a solution that combines innovative research, revolutionary technology and a holistic approach to physical wellness and recovery,” said Eric Litman, founder and CEO at Aescape.

Litman is an American entrepreneur and businessman who has previously built and exited four companies; Medialets, Viaduct, digitalNATION and Proxicom.

His company aims to help grow the wellness industry by providing operators with a scalable solution that eases the labour shortage, acts as a support tool for massage therapists and athletic trainers and gives consumers a consistent, data-driven experience.

Aescape is reportedly experiencing strong partnership traction across a range of categories and has signed 17 partners which will be the first to launch the Aescape Experience at their locations.

The funding is led by Valor Siren Ventures and Valor Equity Partners – an early investor in Tesla and SpaceX – with participation from new investors including Fifth Wall and Alley Robotics Ventures, and existing investors including Crosslink Capital, Alumni Ventures and professional NBA athlete Kevin Love.

"Aescape is on the forefront of consumer innovation, providing a fully-automated massage table that not only helps solve the industry's immense labour gap, but fundamentally enables a more advanced and accessible experience," shared Kevin Campos, Partner at Fifth Wall.

"The application of its deep proprietary technology can span the built world from an employee perk boasted in office spaces, an essential health benefit offered in medical offices to an amenity provided in hotel spas and beyond."

Previous investors include AlleyCorp Robotics Ventures; FJLabs; Gaingels; Spacecadet; Silicon Valley Bank; Pete Wurman, founder of Kiva Systems/Amazon Robotics; Javon Bea, CEO of Trinity Health; Tom Lee, founder of OneMedical; David Karp, founder of Tumblr; Mark Gorton, founder and CEO of Tower Research; Eric Newnham, founder of Talon Outdoor; Neil Parikh, co-founder of Casper; Yony Feng, co-founder of Peloton; Lachlan Power, YouTuber and professional gamer; and NBA champions Kevin Love and Matthew Dellavedova.

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PRODUCT NEWS
Aescape secures US$30m in series A funding to bring AI massage tables to US market in 2023
30 Nov 2022 . BY Megan Whitby
American entrepreneur Eric Litman founded Aescape in 2017 / Aescape
Aescape, a tech company building automated, data-driven massage tables that mimic human touch, has announced a US$30m (£24.9m, €28.9m) Series A funding round.

With this backing, the New-York-based company will enhance its AI-powered technology and bring its Aescape Experience to the US market in 2023. The funding brings Aescape's total capital to US$47.5m (£39.5m, €45.7m).

Aescape’s mission is to ‘redefine the massage and wellness category through intelligent touchless technology that helps people to feel and live better longer’.

“Our team is working to bring beautifully-designed, fully-automated, therapeutic massage and wellness experiences to market with a solution that combines innovative research, revolutionary technology and a holistic approach to physical wellness and recovery,” said Eric Litman, founder and CEO at Aescape.

Litman is an American entrepreneur and businessman who has previously built and exited four companies; Medialets, Viaduct, digitalNATION and Proxicom.

His company aims to help grow the wellness industry by providing operators with a scalable solution that eases the labour shortage, acts as a support tool for massage therapists and athletic trainers and gives consumers a consistent, data-driven experience.

Aescape is reportedly experiencing strong partnership traction across a range of categories and has signed 17 partners which will be the first to launch the Aescape Experience at their locations.

The funding is led by Valor Siren Ventures and Valor Equity Partners – an early investor in Tesla and SpaceX – with participation from new investors including Fifth Wall and Alley Robotics Ventures, and existing investors including Crosslink Capital, Alumni Ventures and professional NBA athlete Kevin Love.

"Aescape is on the forefront of consumer innovation, providing a fully-automated massage table that not only helps solve the industry's immense labour gap, but fundamentally enables a more advanced and accessible experience," shared Kevin Campos, Partner at Fifth Wall.

"The application of its deep proprietary technology can span the built world from an employee perk boasted in office spaces, an essential health benefit offered in medical offices to an amenity provided in hotel spas and beyond."

Previous investors include AlleyCorp Robotics Ventures; FJLabs; Gaingels; Spacecadet; Silicon Valley Bank; Pete Wurman, founder of Kiva Systems/Amazon Robotics; Javon Bea, CEO of Trinity Health; Tom Lee, founder of OneMedical; David Karp, founder of Tumblr; Mark Gorton, founder and CEO of Tower Research; Eric Newnham, founder of Talon Outdoor; Neil Parikh, co-founder of Casper; Yony Feng, co-founder of Peloton; Lachlan Power, YouTuber and professional gamer; and NBA champions Kevin Love and Matthew Dellavedova.

If you would like to get each issue of Spa Business and Spa Business insider magazines sent direct to you for FREE, plus the weekly Spa Business and Spa Business insider ezines, sign up now!
PRODUCT NEWS
Yon-Ka mourns the passing of co-owner Francoise Mühlethaler
Francoise Mühlethaler, co-owner of family-owned French skincare and spa brand Yon-Ka Paris, has died aged 79 years.
Jill Carlen assumes new role as vice president of business development for Living Earth Crafts
Spa and wellness equipment manufacturer Living Earth Crafts (LEC) has named Jill Carlen as vice president of business development.
CryoCON international cryotherapy convention returns for 2023
The third annual CryoCON Convention will take place in Dallas, Texas, from 5-6 March.
Tata Harper Skincare introduces Bio-Shield Face Oil to SuperKind range for sensitive skin
Organic skincare and spa brand Tata Harper has expanded its SuperKind range for sensitive and sensitised skin with a new facial oil.
Elemental Herbology announces plans to launch Soothe Reed Diffuser and signs new UK spa accounts
Elemental Herbology will be expanding its aromatherapy home collection in February with the introduction of The Soothe Reed Diffuser.
Vinésime creates new rosé body scrub to help raise awareness of breast cancer
French vinocosmetic skincare and spa brand Vinésime has developed a new body scrub powered by rosé and the famous grape variety Grenache Noir.
Swissline to make Irish debut at The Shelbourne in Dublin
Luxury Swiss skincare brand Swissline will launch in Ireland on 1 February at The Shelbourne, a historic five-star hotel located in the heart of Dublin.
Phytomer launches Body Declic Cellulite and Contouring Cream, powered by organic marine algae, pink pepper and green caffeine
French marine skincare and spa brand Phytomer has developed its first organic contouring product, Body Declic Cellulite and Contouring Cream, designed to smooth the skin and reduce cellulite and dimples.
marocMaroc’s pro-ageing Cactéa skincare line and facials launch in UK and Irish spa markets
Luxury skincare distributor Vilasa has introduced marocMaroc’s newest well-ageing skincare range and spa treatments to the UK and Ireland.
Hydrafacial branches out into body care with six all-new Hydrabody treatments
Advanced aesthetic tech company Hydrafacial is now offering treatments beyond the jawline having launched six new body protocols.
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05-06 Mar 2023

World Spa & Wellness Conference

Excel exhibition and conference centre , London, United Kingdom
05-06 Mar 2023

CryoCON 2023

Renaissance at Plano Legacy West Hotel, Dallas, United States
+ More diary  
 


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Tel: +44 (0)1462 431385

©Cybertrek 2023

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