Cadence OTC

Cadence OTC

Birth control without barriers

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Security Type
Convertible Note
Categories
Other, Consumer Goods & Products, Retail, Health & Fitness, VC-Backed, Community & Lifestyle, Healthcare & Medical
Min Investment
$250
Location
Oakland, CA
Expected Close Date
April 30, 2025
Target Raise
$100.00K-$3.00M
No. Investors
340
Security Price
$1
Website
cadenceotc.com
Number of Employees
6
Cash
$4,119,343
Revenue
$27,737
Short Term Debt
$568,051
Cost of Goods
$12,496
Long Term Debt
$708,532
Net Income
$-4,860,280

Key Deal Facts

Bringing The Pill over-the-counter (OTC) to be sold without a prescription
Creators of 1st emergency contraceptive (Morning After Pill) in convenience stores
Exclusive partnership with #1 distributor of healthcare products in 180K+ U.S. convenience stores
10+ retail chains including 7-Eleven, Circle K, XtraMart, Jiffy Mart, & NewsLinks at major airports
$3M revenue run rate (first year)
Team from Berkeley, Cambridge, Stanford, Yale & top brands like Flonase, OneTouch, & Herbal Essences
Backed by Soros Fund, VC RH Capital, Global Fund for Women, Elizabeth Banks & Disney family
Late stages of FDA approval to bring OTC birth control to market, with 3 years of market exclusivity

Management Team / Advisory Board Bios

VC-Backed
Raised $250K or more from a venture firm, Repeat Founder
Founder has started a previous company funded with $2M+, Samantha Miller Co-Founder & CEOEntrepreneur extraordinaire. Closed 50+ deals driving $3B+ value, including two acquisition exits. Led 13+ equity rounds, raising $300M+. University of California San Diego Biochemistry BS. University of Rochester MBA & Immunology/Microbiology MS., Nap Hosang Co-Founder & Chief Medical OfficerAward-winning public health expert & educator. 3x Founder. Obstetrician, delivering 2K+ babies. 2014 Carl S. Schultz Award recipient. University of the West Indies MD. McGill University Biochemistry BS. University of California Berkeley MBA & MPH., Dr. Malcolm PottsCo-Founder & Scientific AdvisorGlobal reproductive health pioneer. 1st Medical Director for International Planned Parenthood Federation. Former CEO of Family Health International. 7x book author. 2004 Carl S. Schultz award winner. University of Cambridge BA, MA, MD, & Embryology PhD., Michelle ChunVP OperationsOperations pro. Scaled startups from $0 to $125M+ acquisitions. Managed $23M+ spend & 3.6M shipments annually at Zazzle. Ex-Little Passports VP Operations. University of California Berkeley MBA. Stanford University Management BS & Economic Sociology MA., Simon Gilburt, PhDSVP Clinical Research & Medical AffairsOTC switch veteran, leading first-in-class Rx-to-OTC switch for Flonase. Former Global R&D Head of OTC Category at Bayer. University of Leeds Psychopharmacology MS & Psychopharmacology PhD., Kate Voyten SVP CommercialMarketing, sales & brand building. Led relaunch of Herbal Essences, returning $500M+ brand to profitability. Drove $200M+ revenue growth for SK-II. Implemented OneTouch’s cash & e-commerce offerings. Carnegie Mellon University Policy & Management MS & BS., Tim KoogleBoard ChairWorld-class entrepreneur. Founding CEO of Yahoo!, scaled from $0 to $1B+ in 6 years. Harvard Business Review Top 100 CEO. Founding investor in Method Home and Olly. University of Virginia Mechanical Engineering BS. Stanford University Engineering MS., Abigail DisneyBoard MemberEmmy-winning filmmaker, philanthropist, and social activist. CEO of Fork Films, producing 100+ documentaries. Founder of Peace Is Loud. Yale University English Literature BA. Stanford English Literature MA. Columbia University Philosophy PhD.
Amount Raised : $1,731,985
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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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