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Texas, Lagos, and Mexico City; 29 April 2021: Platform Capital (“Platform”), a leading growth markets investor, is pleased to announce it led a $1.3 million investment round into STRAP Technologies (“STRAP”), an innovative company that has developed the world’s first total technology replacement of the white cane for the blind & visually impaired.
Globally, at least 2.2 billion people have a vision impairment or blindless, of whom at least 1 billion have a vision impairment that could have been prevented or has yet to be addressed. Vision impairment poses a significant global financial burden with the associated annual productivity losses estimated to be over $25.4 billion. The leading causes of vision impairment are uncorrected refractive errors and cataracts.