Madglove Amsterdam secures Rabobank Innovation Loan to drive further growth
Madglove Amsterdam B.V., originally founded at the Vrije Universiteit’s Demonstrator Lab, is proud to announce that it has secured the full Rabobank Innovation Loan. This funding enables the company to continue its mission of viewing disabilities as a form of diversity and providing innovative solutions for individuals with physical limitations.
Jeremiah Oluwatobi Makinde, COO of Madglove Amsterdam: “We are excited to work with Rabobank to achieve our shared goals. This investment will help us drive innovation and bring our glove to more people, improving their quality of life.”
Martijn Starre, Startup & Scale-up Banker Healthcare at Rabobank: “Madglove offers an innovative solution in a growing market, helping patients regain hand functionality and independence, significantly improving their quality of life. Investing in Madglove aligns with Rabobank’s goal of supporting impactful enterprises and bringing about positive societal change.”
Madalina Antonia Riurean, CEO of Madglove Amsterdam: “Securing funding through the Rabobank Innovation Loan is a significant milestone for startups like Madglove. It not only provides the financial resources needed to scale our operations but also validates our vision and innovation in the healthcare sector. Investments like this are crucial for enabling startups to focus on growth, product development, and ultimately making a meaningful impact on the lives of those we serve.”
About Madglove
Madglove develops an accessible, low-tech rehabilitation tool that people can use at home. This tool helps individuals with neurological conditions regain their independence.