Innamed

Innamed

Interfacing with the healthcare system is notoriously challenging. Scheduling appointments, determining insurance coverage, traveling, waiting, testing, scanning, picking up prescriptions, etc.…the list of manual tasks goes on and on. 

At InnaMed, we have reimagined a major part of this journey: we make monitoring and analyzing blood test data fast and seamless, and we’re also creating a one-stop platform through which you can access and experience digital health services.

Min investment
$100
Goal
$100K-$1M
Days Left
378
Location
Philadelphia, PA

CrowdLustro Research Report

Security Type
SAFE
A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.
Industry
Tech
Filed
February 19, 2021
Expires
April 30, 2022
Valuation Cap
$25M
Deal Structure

Price Per Share: $1.00

Use of Proceeds

$100,000

  • 96.25% - Research and development materials and contractors 3.75% - Wefunder intermediary fee

$1,070,000

  • 40% of funds would be used towards research and development materials and contractors. 40% of funds would be used for payroll. 16.25% - Facilities, marketing and legal purposes. 3.75% - Wefunder intermediary fee

Management

Eshwar Inapuri, CEO
Y Combinator-backed founder and bioengineer. Previously conducted R&D at UPenn for 4+ years combining microfluidics, optics and cloud computing to develop proteomics. Work published in PNAS and exclusively licensed to another venture-backed startup.

Anup Singh, CSO
Y Combinator-backed founder and biophysicist. Previously conducted R&D for 5+ years at UCLA and UPenn on early detection of cancers and traumatic brain injury. Invited conference speaker topics ranging from precision medicine to space health.

Tom Larson, Commercial Development Lead
Executive with 25+ years of experience in the biopharma and diagnostics industries. Most recently served as Chief Commercial Officer of Ascendis Pharma. Led launches of some of the most successful drugs including Humira and Pradaxa.

Research Reports

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Key Deal Facts

Raised $2M+, backed by Y Combinator and leading Silicon Valley investors
$1.4M+ in revenue in 2020 (6x YoY) from ongoing, multi-year pharmaceutical R&D collaborations
Received grants from NASA and US Dept. of Health & Human Services for innovative HomeLab® technology
9 patent applications and 5 peer-reviewed publications on technology
Initially targeted towards specific clinical applications totaling $5B+ in market potential
Led by innovators from UPenn and experienced execs from UCSF, Duke, $ASND, $ABT, and $CDNA

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