CoverUS

CoverUS

The future of health data – powered by you

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Security Type
SAFE
Categories
Other
Min Investment
$100
Location
Brooklyn, NY
Offering Date
December 31, 2018
Expected Close Date
March 23, 2019
Target Raise
$25.00K-$1.07M
Deal Notes

Discount: 10%

Company Description

CoverUS makes money when members create uniquely rich health data profiles and respond to targeted, revenue-earning offers from the healthcare industry. Our transaction fee model means we only profit when our members do.

Our plan is to become the world's leading health data broker with direct patient consent – selling custom data and insights to the healthcare industry and creating a regular stream of income for all CoverUS members who opt in.

Perks

$100 - Access to CoverUS Online Investor Portal
$1,000 - All of the above + Limited edition CoverUS Investor T-Shirt
$5,000 - All of the above + CoverUS Fitbit
$10,000 - All of the above + Invite to attend interactive semi-annual investor calls + CoverUS Apple Watch (in place of Fitbit)
$25,000 - All of the above + Tickets to all CoverUS events & associate conferences + Visit to CoverUS HQ @New Lab in Brooklyn + Lunch with Co-Founders

Key Deal Facts

New mobile app that allows people to protect and profit from their health data
Launching pilot targeting 1.5 million member patient community in Q2 of 2019
Total addressable market size of ~$80B by 2020
Winner of '17 Consensys Blockchain Hackathon and part of Startup Health accelerator 
CEO is an ex-NASA scientist, and a serial tech entrepreneur with multiple exits
President worked directly with global entrepreneurs including Pete Peterson, Jim Balsillie, Bill Janeway, and others on the Forbes 400 list
Advisory Board includes former CTO of US Health Department, former Global Board Chair of Planned Parenthood, and former CFO/CIO of Covance
Raised Pre-Seed round from strategic investors including blockchain VC Centrality

Use of Proceeds

Intermediary Fees: 6%

Campaign marketing expenses or related reimbursement: 54% - 4%

Estimated Attorney Fees: 10% - 0.23%

Estimated Accountant/Audi tor Fees: 10% - 0.23%

General Marketing: 20% - 0.5%

Research and Development: 0% - 51.5%

Future Wages: 0% - 37.6%

Management Team / Advisory Board Bios

Andrew Hoppin - Co-Founder and CEO


Christopher Sealey - Co-Founder and President


Peter Shanley - Co-Founder and Strategic Advisor


Andy Laken - EVP, Product and Technology


Armando Pena - Engineering Lead


Anouk Ruhaak - Data Governance Lead


Nidhi Gopiani - Associate, Product Research and Design


Mohnish Mehta - Associate, Business Development and Finance


Alexis McGill Johnson - Advisory Board - Former Global Board Chair, Planned Parenthood; Executive Director, Perception Institute

William Klitgaard - Advisory Board - Former CFO and CIO, Covance

Sari Miller - Advisory Board - Investor and Entrepreneur

Bryan Sivak - Advisory Board - Former CTO, US Health and Human Services Dept

Efe Ekhaese - Advisory Board - Director of Healthcare & Life Sciences, SkillCapital

Phil Williams - Advisory Board - Technology and Ecosystem Strategy, Centrality; Former Director of Innovation, Orion Health

Deal Notes

Discount: 10%

Amount Raised : $78,076
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Security Description

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