Carie

Carie

Next-generation telehealth platform connecting doctors to their patients  anytime, anywhere

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Security Type
Preferred Stock
Categories
Other
Min Investment
$1,500
Location
Miami, FL
Offering Date
February 15, 2019
Expected Close Date
May 16, 2019
Target Raise
$1.00M-$2.00M
Deal Notes

Liquidation Preference: 1x

Option Pool: 4.0%

Share Price: $2.00

Valuation
$20,000,000

Company Description

Next-generation telehealth platform connecting doctors to their patients  anytime, anywhereCarie is a technology company with an easy to use telehealth application that is free for physicians to implement in their practice, free for patients to access, and includes a cutting edge digital marketing solution designed to drive physician adoption and patient utilization to new industry heights. The market focus of Carie is the local doctor-patient relationship. Everything the company does is designed to enhance this focus, including prioritizing 5-star service, physician marketing services, and an optional patient VIP program giving providers the option to offer Direct Primary Care. With Carie, patients can video conference with their primary care physician, specialist, or any other healthcare provider on our network, anytime, anywhere with wifi or mobile data, and from just a variety of connected devices —  via a secure, encrypted technology platform.Carie is designed to meet the needs of the independent physician. Our typical customer is a physician who either seeks to reduce attrition from his practice to urgent care, wants to find a way to be compensated for the calls he takes after hours, or is looking to free himself from the confines of an overbooked physical practice and be able to see at least a portion of his patients virtually. This physician recognizes the value of offering more convenient service to his patients in terms of practice growth and patient retention. Not only family practices but specialties such as cardiology, dermatology, obstetrics, and gynecology, endocrinology, gastroenterology, and more are using telehealth for visits that do not require a physical exam, while wearables and remote monitoring technology are allowing for more exams to be conducted virtually.

Key Deal Facts

Listed by Silicon Review as one of the 10 Fastest Growing Healthcare Companies of 2018
Leadership team has been honored multiple times in Inc 500’s fastest growing companies awards for prior business ventures
Estimates show that by 2024, virtual physician visits will surpass in-office visits, and by 2025, the global telehealth market is forecasted to reach $19.5 billion
Built by doctors, for doctors, Carie is completely focused on the independent physician

Use of Proceeds

Marketing: 14%

Rent & Utilities: 7%

Tech & Development: 29%

Legal: 2%

G&A: 8%

Salaries: 39%

Management Team / Advisory Board Bios

Matt Wanderer - FOUNDER / CEO
Carie is led by California native, Matt Wanderer whose vision for Carie began in 2010 during a business school module in India where he saw virtual healthcare helping people who would otherwise never receive the care they needed. Prior to founding Carie, Matt was a co-founder at Alterra Capital Group and Evergift.org, he served as Founder & CEO of RestoreHealth and serves on the Board of Directors at ServRX with both of his healthcare companies earning top spots in the INC. 500 Fastest Growing Companies of: 2012, 2013, and 2014 and 2015. Matt earned his MBA at the NYU Stern School of Business, the London School of Economics and HEC Paris.

Deal Notes

Liquidation Preference: 1x

Option Pool: 4.0%

Share Price: $2.00

Amount Raised : $289,800
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Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

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