Evolution Devices

Digital Physical Therapy Powered By Smart Therapeutic Devices

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Security Type
Crowd SAFE
Min Investment
$250
Location
OAKLAND, CA
Offering Date
September 21, 2021
Expected Close Date
September 05, 2023
Target Raise
$25.00K-$618.00K
No. Investors
141
Security Price
$1
Valuation
$10,000,000
Number of Employees
7
Cash
$260,447
Revenue
$1,832
Short Term Debt
$203,068
Cost of Goods
$872
Long Term Debt
$751,746
Net Income
$-351,691

Company Description

Evolution Devices' mission is to create accessible innovative technologies to assist and enhance movements. We are revolutionizing physical therapy through our connected digital health platform—starting with walking rehab.

 

 

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

Management Team / Advisory Board Bios

Pierluigi Mantovani
Co-founder & CEO

Juan Rodriguez
Co-founder & CTO

Pierre Karashchuk
Chief Science Officer & Co-founder
Amount Raised : $140,143
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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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