Ascent
Series A · 2026
Series A · 2026

Physical therapy
that comes to you

Ascent pairs motion-tracked home exercise with licensed PTs — recovery outcomes that beat clinic care at 40% of the cost, paid for by employers.

38
employer customers
$4.8M
ARR
$15M
raising
01 / 20
The problem

Musculoskeletal pain is the #1 employer health cost at $600 per employee per year — and 70% of prescribed PT is abandoned by week three.

Clinics are far, waitlists are long, and nobody does their printed exercises alone.

02 / 20
Why now
$380B

annual US musculoskeletal spend (JAMA Health Forum, 2025) — the largest cost line employers can actually influence with engagement.

03 / 20
Product

A PT in the living room, data in the loop

01
Camera-based form tracking
Phone camera scores every rep — no wearables to charge.
02
Licensed PT oversight
Real clinicians adjust plans weekly, on the data.
03
Pain + function outcomes
Validated instruments reported straight to the plan sponsor.
[ PHOTO — member mid-session ]
04 / 20
Care journey
STEP 01
Screen
12-minute intake with a licensed PT.
→
STEP 02
Plan
Personalized program, 3 sessions/week.
→
STEP 03
Track
Every rep scored; PT adjusts weekly.
→
STEP 04
Graduate
Median discharge at 9.5 weeks, pain −58%.
05 / 20
Outcomes

Clinical results across 11,400 completed episodes

01
−58%
median pain reduction
02
81%
program completion (vs 30% clinic)
03
9.5 wks
median episode length
04
$2,140
saved per episode vs clinic
05
64
employer NPS
06
2.1×
surgery avoidance vs matched cohort
06 / 20
Growth

ARR, trailing 8 quarters

Q3 ’24Q4Q1 ’25Q2Q3Q4Q1 ’26Q2
07 / 20
Unit economics

Per employer contract (5,000 lives)

LineValue
PEPM price$3.80
Annual contract$228k
Gross margin71%
Net revenue retention124%
CAC payback13 months
08 / 20
Market · Mercer employer survey 2025

160M covered US employees; MSK is every CFO’s line one

0100%
35%
55%
SOM — self-insured 2k–20k life employers 10%
SAM — all self-insured employers 35%
TAM — commercial MSK spend 55%
09 / 20
Competition
Ascent
Legacy digital MSK
Brick + mortar PT
Fitness apps
Clinical rigor → ↑ Engagement
10 / 20
Moat
01
01

Motion dataset

48M scored reps — form models that generalize across bodies and injuries.

02
02

Outcomes ledger

Validated instruments, third-party audited — procurement’s tie-breaker.

03
03

PT leverage

One clinician safely manages 4× a clinic caseload on our data.

11 / 20
Customers

Employers and plans who switched

10 partners
[ logo 01 ]
[ logo 02 ]
[ logo 03 ]
[ logo 04 ]
[ logo 05 ]
[ logo 06 ]
[ logo 07 ]
[ logo 08 ]
[ logo 09 ]
[ logo 10 ]
12 / 20
“
Member proof

“Two years of on-and-off clinic visits, then ten weeks of Ascent in my garage. I deadlifted my grandson last weekend.”

Robert Nguyen
Warehouse lead, 54 — completed episode 2026
13 / 20
Business model

Revenue mix, TTM

01
Employer PEPM contracts76%
02
Health-plan pilots16%
03
Episode-based (TPA channel)8%
14 / 20
plan
The plan

From point solution to MSK front door

Win the episode, own the referral: imaging, injections and surgery decisions all start with whoever the member trusts first.

15 / 20
Roadmap
Now
38 → 90 employers
Two national broker partnerships signed.
H1 2027
Health-plan GA
From pilots to covered benefit in 2 plans.
H2 2027
Surgical decision support
Second-opinion pathway on our outcomes data.
2028
Chronic pain program
Beyond recovery into prevention revenue.
16 / 20
Team
[ photo ]
Dr. Maya Patel
CEO — PT, DPT, ex-ATI clinical ops
[ photo ]
Chris Yang
CTO — ex-Peloton computer vision
[ photo ]
Dr. Sam Torres
CMO — sports medicine, ex-Kaiser
[ photo ]
Erin Walsh
Sales — ex-Hinge Health enterprise
17 / 20
Financial plan

ARR with this round

$26M
ARR exiting 2028
25
50
75
100
$3.2M
$4.8M
$7.2M
$11M
$17M
$26M
H1 ’26H2 ’26H1 ’27H2 ’27H1 ’28H2 ’28
18 / 20
Use of funds

Where the $15M goes

Raise
Clinical team
Enterprise GTM
CV + product
Compliance
Buffer
sources uses ending
19 / 20
Ascent

Recovery, without the waiting room.

maya@ascent.health · ascent.health
[ QR ]
20 / 20