Viit Health

AI -Assisted Health Monitoring For Diabetics And Beyond

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Security Type
CAFES
Categories
Technology, Social Impact, Retail, Healthcare & Medical, Other
Min Investment
$100
Location
Maricopa County, AZ
Offering Date
November 03, 2021
Expected Close Date
April 30, 2025
Target Raise
$50.00K-$618.00K
No. Investors
446
Security Price
$1
Website
viit.health
Number of Employees
6
Cash
$13,044
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$1,125,553
Net Income
$-329,038

Company Description

ViiT Health is on a mission to deliver the future of personal healthcare: easier, faster, and more accurate disease prevention and management with AI-assisted health monitoring technology. Starting with the ViiT Gluco 1.0, a one-of-a-kind glucometer that uses spectroscopy, not pricking or consumables.

Key Deal Facts

Immediate disruption of the global invasive glucometer market estimated at $+10B USD.
Background Dev company raised $+2M for R&D by leading private and public investors.
Twice selected for funding by the Mexican National Council for Science and Technology.
Massive potential market of 422M diabetics worldwide, and 88M prediabetics in the U.S. alone.
Cutting-edge proprietary AI can be expanded to painlessly measure other key health conditions.
Strategic alliances with Iasotek, Arrowhead Center and Mexico City Innovation and Technology Agency.
Supported a leading US Family Office and Monaco Foundry.

Use of Proceeds

($50,000) 18% towards Marketing and Sales, 28% towards Product Development, 18% towards Validation Protocols, 14% towards Product Certification, 10% towards Intellectual Property, 4.5% towards Software Development, 7.5% towards Wefunder fees

($2,000,000) 31% towards Validation Protocols and Product Certification, 18% towards Product Development, 8% towards Marketing and Sales, 11% towards Team, 9.5% towards Initial Production, 15% towards Software Development, 7.5% towards Wefunder fees

Management Team / Advisory Board Bios

Luis Gomez
Founder
Corporate lawyer and computer vision entrepreneur. JD International Law at Harvard University and AMP at Harvard Business School. Top corporate management at Citibank Mexico, Shearman & Sterling, AT&T, Alestra, Chrysler, Daimler and Walmart.

Luis Fernando
CEO
Serial entrepreneur and social activist from Mexico City. Created a Venture Builder at 20 years old which now holds 7 different companies. Speaker at the UN General Assembly ´18 and winner of Santander Global Entrepreneurship Program 2020.

Gerardo Rioseco
CFO
Serial entrepreneur. Started a company at 21 years old and have founded 8 different companies so far. First responder for Mexico City earthquakes in 2017. Winner of several entrepreneurship awards. Former professional tennis player.
Amount Raised : $2,405,723
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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