Backalert

Sensor Connected Therapeutic Workouts to Stop Slouching and Reduce Back Pain

Security Type: SAFE
Categories: Other
Min Investment: $25
Offering Date: October 30, 2019
Expected Close Date: January 28, 2020
Target Raise: $50.00K-$107.00K
Deal Notes: $1.00 per share

Company Description

We make getting back relief more convenient, inexpensive, and more fun. BackAlert is a wellness center shipped to your home. You get physical therapy style exercise gear and a sensor that corrects your posture and provides live exercise guidance and feedback.

Perks

$500+ for Special shoutout on our investor page on our website.
$1,000+ Free limited edition tee-shirt.
$2,500+ You can meet/phone chat with the CEO for as long as you'd like. We'll also send you a 10% discount code for any BackAlert package and exercise subscription for life.
$5,000+ We'll send you a 25% (instead of 10%) discount code for any BackAlert package and exercise subscription for life.
$7,500+ We'll send you a 50% (instead of 25%) discount code for any BackAlert package and exercise subscription for life.
$10,000+ You'll get a free (instead of discounted) BackAlert package and free exercise content for life plus dinner with the founding team.

Key Deal Facts

Backed by Y Combinator, Harvard Business Angels, & other big VCs.
$160,000+ in estimated revenue from 9 signed contracts over the past 3 mos.
Manufacturing and core machine learning algorithms completed.
Granted utility patent on sensor low-cost construction with electrically conductive fiber.
Experienced founder with 8 years of startup experience that generated millions in revenue with previous products and backed by Y Combinator.
Advisors: Natsuko Watanabe (10 yrs as a PT), Dominic Leung (UC Berkeley PhD), and Keith Brodie (MIT, 25 patents).
Lead Investor: invested $500,000

Use of Proceeds

Working Capital for Inventory, Marketing through paid ad spend and placing kiosks in clinics, Intermediary Fee

Management Team / Advisory Board Bios

Doug Hoang
CEO
I built a great product, shipped thousands of units, built a great team, got into Y Combinator, raised millions in investment.

Josh McCoy
CTO
Josh is a serial entrepreneur of technology startups. He has been programming since the age of 13.

Deal Notes

$1.00 per share

Amount Raised : $11,881

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