Ukraine’s Mevics has raised $500,000 from Britain’s UBTower consulting company.
The company has not presented other details of the deal.
The Mevics team has created a gadget, which controls posture and synchronizes it with smartphone using Bluetooth.
The price of the gadget would vary from $80 to $100.
The team is working on the new website and accounts in Instagram and Twitter. The company is also working on designing new electronics and prototypes.
Mevics CEO Viktor Laushtan said that soon the company intends to launch a campaign at Kickstarter and bring the product to the market.
First shipments of the product are scheduled for August 2017. (Interfax/Business World Magazine)