Elly

Elly

Empathetic audio companion for people impacted by cancer

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Security Type
Convertible Note
Min Investment
$1,000
Location
Los Angeles, CA
Offering Date
October 02, 2020
Expected Close Date
November 27, 2020
Target Raise
$500.00K-$1.00M
Deal Notes

Round type: Pre-Seed

Conversion Discount: 20.0%

Interest Rate: 4.0%

Note Term: 12 months

Company Description

The empathetic audio companion for people impacted by cancer.Elly is a leading empathetic audio companion for people impacted by cancer. The app helps patients improve their quality of life and emotional well-being through Elly’s friendly voice. She is a persona who comforts, supports and motivates patients to live healthier and happier. Elly is recommended by leading hospitals, oncologists and allied health professionals, who have limited face-time with patients to provide support, education and motivation. Each day, patients listen to a 90 second Daily Summary of audio content through the Elly smartphone app. Elly references a motivational story, she discusses an oncology topic, and leaves patients with an inspirational message. She also provides content around motivation, unspoken, mindfulness, coronavirus, self care, exercise, sleep, nutrition and symptoms. The human voice is a critical part of developing human connection, and is essential for educating and supporting patients in an empathetic way. Users hear from other cancer patients and key subject matter experts on in-depth experiences from Elly’s thoughtfully curated library of Sessions.Elly conducted an internal phase I clinical trial with 100 cancer patients in 2019, and showed that the product improves patients' quality of life while increasing their participation in their own health with a projected cost saving of $9,000 per patient per year. Elly is developing research collaborations with a number of large US based health systems like Ochsner, Duke and Cedars-Sinai to conduct large scale implementations and clinical studies in 2020. Backed by Google, JumpStart Foundry, StartUp Health and Nex Cubed.

Perks

Free lifetime access to any family or friends interested in using the Elly product
Above + Branded Elly merchandise.
Above + one-on-one calls with the co-founders.

Key Deal Facts

Establishing research collaborations with Ochsner, Duke, and Cedars-Sinai to conduct implementations and clinical studies in 2020
Notable investors include Google, JumpStart Foundry, StartUp Health and Nex Cubed
In a company conducted clinical study of 100 patients, users reported a 10% improvement in Quality of Life score
Achieved an 88% user retention rate after 1 month during a company conducted study with 106 users, which is nearly 6x higher than average health app retention rate (15%)
Experienced founders who have previously co-founded companies such as CancerAid, HotDoc, Vivi, and Papercloud

Use of Proceeds

  • Product
  • Content
  • Research
  • Marketing
  • Growth

Management Team / Advisory Board Bios

Nikhil Pooviah
Co-founder
Previously co-founded one of the world's top cancer apps, CancerAid; Radiation Oncology Physician; Pitched and received deal on Shark Tank.

Simon Holland
Co-founder
Co-founded multiple tech startups including Australia's leading patient engagement platform with millions of patients. 

Deal Notes

Round type: Pre-Seed

Conversion Discount: 20.0%

Interest Rate: 4.0%

Note Term: 12 months

Amount Raised : $483,134
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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