Evolution Devices

Evolution Devices

Digital Physical Therapy Powered By Smart Therapeutic Devices

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Security Type
Crowd SAFE
Industry
Tech
Min Investment
$100
Location
Berkeley, CA
Offering Date
September 21, 2021
Expected Close Date
December 31, 2021
Amount Raised
$181,895
No. Investors
298
Security Price
$1

Key Deal Facts

Digital physical therapy powered by smart therapeutic devices
First product, EvoWalk, targets walking rehabilitation and fall prevention
EvoWalk pilot patients show up to 10x daily increase in mobility
Health-as-a-Service model disrupting $35B Physical Therapy market
Scalable unit economics, $4.5K customer lifetime value, $750 CAC
$1M+ raised from Toyota Mobility Foundation, NSF, Alchemist Accelerator

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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