Milo Health

Better, simpler prescription care

Milo Health

Better, simpler prescription care

New York, NY
Pharmaceutical
Milo allows you to see and control your own prescriptions on your smartphone. Without Milo, your prescriptions reside in the locked, private database of a pharmacy, making price comparison difficult. With Milo’s digital prescription wallet, you can see and control your own prescriptions on your smartphone, putting the power back in the hands of the patient. Our company is pre-revenue, and we have a patent application for using an internet-enabled device to receive, hold, and manage a prescription on behalf of a patient.

$60,190

raised
18
Investors
$13.7M
Valuation
$10.00
Price per Share
$500.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1M
Offering Max
Reg CF
Offering

$60,190

raised
18
Investors
$13.7M
Valuation
$10.00
Price per Share
$500.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1M
Offering Max
Reg CF
Offering

Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

Rewards

Get rewarded for investing more into Milo Health:

$500+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+
Investment
$500+ | Tier 1
Invest $500+ and join the Private Owner’s Group (exclusive quarterly updates early access to platform updates) + receive a weekly pill organizer with the Milo logo.
$1,000+
Investment
$1,000+ | Tier 2
Invest $1000+ and join the Private Owner’s Group + receive a totebag with one of our custom licensed illustrations.
$2,500+
Investment
$2,500+ | Tier 3
Invest $2500+ and receive 5% bonus shares + join the Private Owner’s Group.
$5,000+
Investment
$5,000+ | Tier 4
Invest $5000+ and receive 10% bonus shares + join the Private Owner’s Group.
$10,000+
Investment
$10,000+ | Tier 5
Invest $10,000+ and receive 15% bonus shares + coffee or cocktails in Manhattan with Milo's cofounders or private zoom call + join the Private Owner’s Group.
$25,000+
Investment
$25,000+ | Tier 6
Invest $25,000+ and receive 20% bonus shares + in person or zoom strategy session with founding team + join the Private Owner’s Group.

Reasons to Invest

Several of our pilot users told us that they saved thousands of dollars in less than a year by using Milo to become empowered shoppers for their own prescription medication.
Milo is entering an addressable market of $348 Billion.*
We are here to transform the prescription marketplace from an opaque market to a great customer experience. In 2019, there were 4.38 billion prescriptions filled in the United States. Our goal is for 1% (43.8M) or more of all US prescriptions to move through Milo’s app.**

*Information from Statista (source)

**Information from Congressional Budget Office (source).



Milo Health: accessible healthcare solutions

In our healthcare system, getting and staying well can feel like a draining slog. Finding trustworthy providers. Managing appointments. Tracking spending. Even the smallest task, like filling a prescription, means accepting hidden costs, inconvenience, bureaucracy, and your valuable time.


Milo was born to change that.



Milo’s digital prescription wallet makes it easy to fill prescriptions at the best price, wherever you want,

hassle-free. We start by putting your prescriptions where they’ve always

belonged — in your hands. We show you every pharmacy’s price and apply

every available discount. With all the information and control you need in one

place, you get better, simpler prescription care.


Because you don’t just need to get well. You need to live well, too.

The Problem


Health outcomes are directly tied to the rising costs of prescriptions


Approximately 125,000 people die in the US each year from not taking prescribed, life-saving medications. Studies have consistently shown that nearly 30 percent of prescriptions are never filled and that approximately 50 percent of medications for chronic disease are not taken as prescribed (source).


Not to mention…


(source)


The current e-prescription system is a terrible customer experience. You choose a pharmacy while at the doctor’s office, without knowing:


1) What you’ll pay for the medication

2) The location of the most convenient pharmacy each time you want to fill

3) Whether the pharmacy will even be open at the time you plan to arrive


We are working to fix the prescription medication filling experience. Milo leverages smartphone technology to do everything we can to help with these problems. 


Prescription prices vary wildly from pharmacy to pharmacy, even for the same medication. Milo shows you every available price and applies every available discount, so you know you’ve never overpaid.  



The Solution


Better, simpler prescription care that provides transparency, control, & convenience

Milo is your prescription wallet - We hold your prescriptions so you can see them on your phone and transfer your prescriptions on demand. 


With Milo, you can see and control your own prescriptions on your smartphone. That means you can review prescriptions, track refills, and change pharmacies anytime, no phone calls needed.


And it’s really easy, all you do is…




Milo gives you more freedom for you to fill your medication while also saving you money. This is rare in healthcare–usually you need to choose between savings and choice–we give you both, for free.


Our comprehensive savings toolkit frees people from the price constraints imposed by the pharmacy that has their e-prescription. By giving control of the prescription to the patient, and providing great information on available discounts before the prescription goes to a pharmacy. Patients become empowered shoppers for their own medication. 


Once a pharmacy has your prescription, it’s difficult to get the medication anywhere else. With Milo, you can pick up your medication at the pharmacy next to your doctor’s office as you leave. Later refills you can pick up at a pharmacy nearer to your home or office. Forget your medication while traveling? No problem–use Milo to send a refill to the pharmacy next to your hotel. 


With Milo’s help, you can find the lowest prescription price at any and every pharmacy near you.



And sometimes, the Milo price is less than insurance copays. Show the free coupon at the pharmacy at pickup. 



Our revenue model has been proven by other successful prescription cost savings companies, but what makes us unique is, our control over the prescription and the ability to choose the lowest-cost pharmacy for each prescription. 

The Market


The healthcare market is the largest market in the US economy


Source, SourceSource


And with that, here’s  a look at our addressable market:


TAM: $348.4 Billion, 5.8 Billion retail prescriptions/year in the US (source)

SAM: $11.1B 185 Million prescriptions/year (source)

  • 185 Million = retail prescriptions paid for in cash in 2019 (source)

When it comes to our competition, we believe Milo is currently the only way to take complete control over your prescriptions - from prescription to purchase.

Our Traction


Patent pending, en route to launch

We have a patent application for using an internet-enabled device to receive, hold, and manage a prescription on behalf of a patient. 


The USPTO published the application on March 4, 2021, and we are well on our way to taking our digital wallet to the next level. 


Why Invest


The Future of Milo Health

Milo’s prescription wallet is just the beginning. The next step? Milo Health Platform. 


Once people start managing their prescriptions from Milo, we’ll introduce a suite of services that will help give patients (and medical professionals) even more transparency and control over their health outcomes.



We are here to transform the prescription marketplace from an opaque market to a great customer experience. Our goal is for 1% or more of all US prescriptions to move through Milo’s app.


And it’s finally possible. Now that most prescriptions are electronic, and now that most people (even most older patients) have smartphones in their pockets, the conditions now exist for a digital prescription wallet to exist and thrive. 


At the end of the day - we respect your time, we respect your wallet, we respect you. Join us today, and invest in a future of better healthcare. 



Offering Summary


Company

:

Milo Health, Inc.

Corporate Address

:

212 Warren St, New York, NY 10282

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,000,000.00

Minimum Investment Amount

(per investor)

:

$500.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

1,000

Maximum Number of Shares Offered

:

100,000

Price per Share

:

$10.00

Pre-Money Valuation

:

$13,655,220.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Company Perks*


Time-Based:

Friends and Family Early Birds

Invest within the first 72 hours and receive 20% bonus shares

Super Early Bird Bonus

Invest within the first week and receive 15% bonus shares

Early Bird Bonus

Invest within the first two weeks and receive 10% bonus shares

 

Amount-Based:

$500+ | Tier 1

Invest $500+ and join the Private Owner’s Group (exclusive quarterly updates early access to platform updates) + receive a weekly pill organizer with the Milo logo.

$1,000+ | Tier 2

Invest $1000+ and join the Private Owner’s Group + receive a totebag with one of our custom licensed illustrations.

$2,500+ | Tier 3

Invest $2500+ and receive 5% bonus shares + join the Private Owner’s Group.

$5,000+ | Tier 4

Invest $5000+ and receive 10% bonus shares + join the Private Owner’s Group.

$10,000+ | Tier 5

Invest $10,000+ and receive 15% bonus shares + coffee or cocktails in Manhattan with Milo's cofounders or private zoom call + join the Private Owner’s Group.

$25,000+ | Tier 6

Invest $25,000+ and receive 20% bonus shares + in person or zoom strategy session with founding team + join the Private Owner’s Group.

*All perks occur when the offering is completed.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.

The 10% StartEngine Owners' Bonus

Milo Health will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $10 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares of Common Stock for $1,000. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Inter company debt or back payments.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$58,001.00 USD
$26,200.00 USD
Cash And Cash Equivalents
$58,001.00 USD
$26,200.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$0.00 USD
$0.00 USD
Long Term Debt
$679,581.00 USD
$129,077.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$450.00 USD
$450.00 USD
Net Income
-$572,813.00 USD
-$439,088.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Milo Health raises over $50,000 in initial crowdfunding phase

14 days ago

Thank you for helping us reach this incredible milestone! Together we are building our vision to bring better, simpler prescription care to everyone. 

Today marks the final day of our initial friends-and-family launch, and, thanks to you, we exceeded our fundraising goal for this phase of the crowdfunding campaign.

So far we have raised $61,421 across 19 investors. Thank you to everyone who has invested in our campaign and for sharing our offering with friends, family, and colleagues. We are so excited to have you as part of the Milo family and look forward to the continued growth of our company. 

Today marks the first day of the social media campaign we have planned. We will focus our efforts on LinkedIn, trying to convince doctors to try Milo, and, if they like it, to invest, too. Of course, we are not limiting our campaign to doctors, so, If you know anyone who might be interested in investing, please share our campaign page with them. https://www.startengine.com/milohealth

Stay tuned for more exciting updates from the Milo team!

Show More Updates End of Updates

Comments ({{profileCtrl.startup.comments_count}} total)

{{profileCtrl.newComment.body.length}}/2500
Please sign in to post a comment.
Please use Updates for communications.
{{ profileCtrl.commentsLoading ? 'Loading...' : 'Show More Comments' }}