Neopenda

Arming health workers to be more productive with life-saving tech

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Form C
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Security Type
Convertible Note
Categories
Technology, Social Impact, Financial Services, Other
Min Investment
$100
Location
CHICAGO, IL
Expected Close Date
January 18, 2019
Target Raise
$25.00K-$1.07M
Security Price
$1
Website
neopenda.com
Number of Employees
2
Cash
$37,354
Revenue
$158,745
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$2,730

Key Deal Facts

Grew sales 124% in the last 12 months and onboarded 30+ hospitals since launch 18 months ago.
$6M+ in equity & grants from Techstars, Fortune 500 Vodafone, Cisco, Wellcome Trust & more.
Powerhouse team led by 2 biomedical engineers from Columbia University, GSK, Medtronic, & Eli Lilly.
Patented, CE-marked, & ISO 13485 regulated - Neopenda owns all IP.
Award-winning technology recognized by UN Women, WHO, & UNITAID.
Acclaimed founder team with awards from Inc 30u30, Miller Center, & Global Good Fund.
Forecasting $14M+ in revenue within 5 years (not guaranteed).

Management Team / Advisory Board Bios

VC-Backed
Raised $250K or more from a venture firm, Sona Shah CEO & Co-founderHealthtech visionary. $6M from VCs and grants from Fortune 500 Vodafone & Cisco. UN Women speaker, White House invitee, Techstars, Global Good Fund, Miller Center Fellow. Georgia Tech BS Chemical Engineering. Columbia University MS Biomedical Engineering., Teresa CauvelCTO & Co-founderBioengineering executive and human-centered design obsessive. Led neoGuard medical device through to commercialization and 35,000+ logged hours in patient monitoring. Santa Clara University BS Bioengineering. Columbia University MS Biomedical Engineering., Washington DingaSales ManagerSales guru. 12+ years in operations and sales in the pharmaceutical industry. BD at GlaxoSmithKline (grew key account sales by 35%) and business lead at Medtronic (grew sales 25%). More than 2x yearly personal quota from 2023 to 2024., Ryan Cavanaugh Supply Chain Lead Sourcing genius. 12+ years scaling manufacturing in electronics and aerospace. Team lead of 15 FTE at Aalberts ($700M revenue, Industrial). $4M annual sales at Kyocera Int. (5K employees, Medtech). University of Chicago MBA Strategic Management., Diana ByegonCustomer Success ManagerMarketing wiz. Head of Marketing lead for 8 FTE at top medical imaging facility in Kenya, managing 200+ strategic accounts, driving 30% YoY growth, and consistently outperforming targets. BBA Marketing. MS Public Policy.
Amount Raised : $1,140,109
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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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