VitalFlo helps doctors measure, monitor, and predict their patients' lung health

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Security Type
Technology, Financial Services, Healthcare & Medical, Education
Min Investment
Raleigh, NC
Expected Close Date
April 30, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

Change asthma and COPD treatment to proactive, preventative care
2.7X subscription growth quarter-over-quarter
Launched with 90-hospital Health System group in May 2022
Raised $2M+ in Seed funding in 2021 from 3 VCs and several Angels
Notable venture investors include Techstars, Geekdom Fund and Elevate Capital
Won $1.2M+ in research grant funding from National Science Foundation (NSF) and others
20K+ spirometry tests performed on platform – more than 2X growth year-to-date!

Management Team / Advisory Board Bios

Luke Marshall Founder & CEORaised over $2M in investment and over $1.2M in grant funding for VitalFlo from Techstars, Geekdom Fund, The National Science Foundation and others. PhD, University of Texas at Austin., Andy Taylor Co-founder & COOFounded the Medical Innovators Collaborative (MEDIC), an incubator for medical device startups and development. Built enterprise partnerships with United Therapeutics, Becton Dickinson and others. Biomedical Engineering, NCSU., Carl Mottram Clinical Advisory Board MemberWrote the definitive textbook on Pulmonary Function Testing. Professor of Medicine Emeritus at Mayo Clinic. Sits on several spirometry standards boards including the Clinical and Laboratory Standards Institute, and the National Board for Respiratory Care., Dr. Wes Sublett Clinical Advisory Board MemberSenior Partner and Medical Director of Clinical Research of the largest private equity-backed Allergy & Asthma clinical group in the country. Forty under 40 Louisville Business First.
Amount Raised : $756,778
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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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