Protxx

Protxx

Wearable device that improves the lives of those with complex neurological conditions

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Security Type
Convertible Note
Min Investment
$100
Location
Menlo Park, CA
Offering Date
February 09, 2021
Expected Close Date
April 30, 2021
Target Raise
$250.00K-$1.07M
Deal Notes

Price Per Share: $1.00

Company Description

PROTXX innovations in wearable sensors and machine learning transform the lives of tens of millions of people living with complex neurophysiological conditions.

Key Deal Facts

Invented 1 minute non-invasive test that identifies and quantifies neuromotor and neurosensory impairments
PAAS model enhances management and treatment of concussions, stroke, Parkinson's, multiple sclerosis
Our solution is commercially available with over 20 customers and pilots in U.S., Canada, U.K., Japan
We reduce time, travel, and costs for patients through remote patient monitoring
Institute of Health Economics set value-based pricing of $5,000 per patient per month for PROTXX
Partnered with machine learning and neurophysiology leaders to develop predictive diagnostics

Use of Proceeds

$250,000

  • 34% towards product development, 16.5% towards sales & marketing, 21% towards pilot deployments, 14% towards intellectual property and regulatory filings, 8% towards G&A, 6.5% towards WeFunder fees

$1,070,000

  • 40% towards product development, 20.5% towards sales & marketing, 14% towards pilot deployments, 10% towards intellectual property and regulatory filings, 9% towards G&A, 6.5% towards WeFunder fees

Management Team / Advisory Board Bios

John Ralston, CEO and Founder
2016 “Pioneer in Healthcare Technology Innovations Award” CEO, Sales & Marketing, R&D at 8 previous Silicon Valley companies (2 IPOs, 8 M&A exits) MIT BSc, Cornell PhD, MIT Sloan MBA/MOT

James Walker, Chief Financial Officer
Has led 4 previous Silicon Valley companies thru IPOs

Joshua Roper, Vice President, Operations
GM, Product Executive, and Technology Leader experienced in Software, Hardware, Networking, Security, and IoT with more than 27M networked devices deployed and well over $2B in revenue

Deal Notes

Price Per Share: $1.00

Amount Raised : $0
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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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