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Aescape secures US$30m in series A funding to bring AI massage tables to US market in 2023
By Megan Whitby 30 Nov 2022
American entrepreneur Eric Litman founded Aescape in 2017 Credit: 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.



News
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24 Mar 2023
St. Regis Hotels & Resorts, part of Marriott International, has opened a new luxury hotel and wellness retreat in Mexico called St. Regis Kanai Resort, Riviera Maya. Built above a natural mangrove reserve, the 143-key ... More
23 Mar 2023
International spa and wellness consultancy bbspa_Group has been appointed by Italian football club Cagliari Calcio to create an urban destination spa inside the club’s upcoming new stadium. Cagliari Arena will open with a 4,000sq m ... More
22 Mar 2023
Nancy Griffin, founder of podcast Glowing Older and principal of Contento Marketing, has launched an initiative to create awareness about ageism in the spa, wellness and beauty industries. Called #ExposeAgeism, the movement encourages beauty, spa ... More
21 Mar 2023
Health and wellbeing should be at the heart of all government policymaking according to a new report from UK member of Parliament Kim Leadbeater, who has called for a major transformation in the way the ... More
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Hand Picked Hotels (HPH) has launched its new Spa Therapist Apprenticeship programme, working alongside national provider Armonia Training Academy and industry veteran Diane Hey. Designed to attract and nurture future talent, the British hotel group’s ... More
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Melvin “Mel” Zuckerman, industry legend and founder of iconic US wellness lifestyle brand Canyon Ranch, has died aged 94 years. Revered as one of the early pioneers of the wellness movement, Zuckerman opened the flagship ... More
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The Global Wellness Institute (GWI) has penned a new report about the US wellness economy after partnering with the National Academy of Sports Medicine (NASM). Valued at more than US$1.2trn (€1.1trn, £994.3bn), the report names ... More
     
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International SPA Association - iSPA
International SPA Association - iSPA
International SPA Association - iSPA
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News   Products   Magazine
NEWS
Aescape secures US$30m in series A funding to bring AI massage tables to US market in 2023
POSTED 30 Nov 2022 . BY Megan Whitby
American entrepreneur Eric Litman founded Aescape in 2017 Credit: 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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International spa and wellness consultancy bbspa_Group has been appointed by Italian football club Cagliari Calcio to create an urban destination spa inside the club’s upcoming new stadium.
Nancy Griffin launches #ExposeAgeism movement to combat ageism in spa, beauty and wellness
Nancy Griffin, founder of podcast Glowing Older and principal of Contento Marketing, has launched an initiative to create awareness about ageism in the spa, wellness and beauty industries.
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