Care Angel offering is now closed and is no longer accepting investments.
INVEST IN CARE ANGEL TODAY!
On a Global Mission to Empower Millions of People to Take Better Care
$287,694.52 Raised
REASONS TO INVEST
Care Angel already works with the largest health plans in the world, representing 600,000 members monthly and has improved clinical and operational efficiency by ~7x, at 1/100th the cost.
Our solution reports 83% engagement and has led to $41 per member per month (PMPM) in clinical cost reduction for provider clients, annualized savings ~$500k.
The market for virtual nurse assistants is expected to reach $88 billion globally in 2025, and $20 billion within the US by 2026
Overview
Quality, affordable, long term care from the comfort of home
Care Angel was created to tackle some of the most challenging and costly elements of healthcare: care management for vulnerable and at risk populations. Care Angel’s SmartCare platform helps millions of high cost, high risk patients (especially those suffering from chronic conditions) to receive quality, affordable, remote monitoring from the comfort of home. Our AI + voice enabled conversations provide patients with personalized health management, monitoring and tailored care that focuses on longitudinal and interdependent health/wellbeing, as well as mental/behavioral, environmental, social and holistic health.
These testimonials may not be representative of the experience of other customers and are not guarantee of future performance or success.
In the month of May 2020 alone, ANGEL made over 3,980,883 calls to check in on at-risk members related to COVID-19 and hospital discharges. In addition we collected over 125,544 data points that helped these members improve their medication and condition management adherence, in real-time, closing tens of thousands of gaps in care by identifying and addressing needs while reducing negative episodes– keeping them healthy at home. The labor cost equivalency of the ANGEL outreach was that of 64 care managers working a total of 11,047 hours at a total cost of $333,406.
The Problem
Millions lack access to affordable and sustainable healthcare
Many in today’s society lack access to continuous engagement and sustainable health care with long term monitoring and care coordination. Additionally, clinicians and care teams spend too much of their valuable time performing repetitive administrative tasks that can easily be handled automatically with an augmented intelligence (AI) solution like Angel.
At Care Angel, we address the undisputable need for a technology-enabled solution that delivers quality care management, regular engagement, monitoring and navigation tools. Our technology is scalable to millions and has the ability to effectively care for people with complex chronic conditions, over the long term.
The Solution
Personalized, continuous care conversations, powered by AI
We believe “Aging in place” is steering methods of care in a new direction. Trends driving the adoption of digital health require patient monitoring and advanced data analytics solutions. To gain the participation of the primary demographics of vulnerable populations from Medicare Advantage, Medicaid and others, we created a platform that is low tech/high touch for users and delivers high tech, scalability for payer and provider clients. Care Angel is the only phone-first platform that is supported with multi-modal communication options, meeting people where they are technologically, linguistically and culturally.
Computer generated rendering of products currently available
In response to the COVID-19 pandemic, Angel’s AI and voice-enabled solution can quickly be configured to complete continuous check-ins, detect risk and automatically provide information about testing, social isolation protocols, and other resources.
Our Traction
Care Angel’s accomplishments have caught the eyes of some of the world’s largest healthcare providers
In 2015, we developed a proto-type with less than $1M. In early 2016, after launching Care Angel’s SmartCare platform, we won the AARP Foundation’s Aging in Place $50K Challenge, a startup competition for entrepreneurs with healthcare solutions geared toward older low-income adults. From there, we were chosen to participate in AARP’s CareConnection initiative to provide support, services and community to their 38 million members and family caregivers, where our solution received a net promoter score of 91. Since then, pitch competitions have helped us to continuously gain greater visibility.
In 2017, we had our first paying customers, which enabled us to serve over 60,000 patients. In 2018, we launched clinical enterprise clients, deploying Angel to over 100,000 patients and, later that year, Care Angel was the recipient of the Innovation Challenge at VivaTech Sanofi, a global initiative to help improve healthcare through innovation and technology. In 2019, we won the MassChallenge and MedCity Invest Pitch Perfect challenges, attracting the attention of two of the world’s largest health payers, UnitedHealthCare and Humana.
The company’s award-winning SmartCare platform, (brought to life through ANGEL) has already proven its ability to transform healthcare and radically improve patient outcomes, while reducing the cost burden faced by all stakeholders.
This testimonial may not be representative of the experience of other customers and is no guarantee of future performance or success.
This testimonial may not be representative of the experience of other customers and is no guarantee of future performance or success.
The Market
The virtual healthcare market is set to reach $88 billion by 2025
“Given the huge push to keep people at home, the risk of infecting others through exposure, and the hope of not overwhelming health providers with unnecessary foot traffic, the use of virtual care and messaging has skyrocketed” (Source).
Healthcare Tech adoption is being harnessed to support the public-health response, especially with the current COVID-19 pandemic (source) and, according to Accenture, the market for virtual nurse assistants is expected to reach $88 billion globally in 2025 and $20 billion within the US by 2026 (source).
Data complied based on actual client outcomes & call center analysis.
Angel’s addressable market includes:
Health Plans and Carriers - 200 million members
Providers - 50 million post discharge
Provider Services (accountable care organizations (ACO), Management Service Organization (MSO))
Biotech and Pharma
Digital Therapeutics 100’s of millions
Employers - 100 million employees
Strategic Partnerships (telemedicine, faith-based organizations, government, schools and universities)
What We Do
SmartCare Platform: omni-channel care management, patient engagement, navigation solution
Meet Angel, the world’s first AI and voice enabled virtual nurse assistant. Angel’s technology provides the most effective, affordable and scalable way to engage, monitor and manage at-risk populations, starting with a simple phone call, supported by text, email and other communication modalities to perform clinical conversations and routine follow-ups.
Care Angel’s multi-modal engagement platform helps health care providers and health plan payers avoid missed care opportunities, close gaps in care, improve performance measures, increase revenue opportunities and improve patient outcomes by automating conversational, outbound and inbound check-in care calls, and capturing regular updates on vitals, wellness, well-being and SDoH to inform real-time intervention and resolution.
The Business Model
Primary revenue fueled by recurring payments from providers and payers
Our primary revenue comes from the recurring per member per month (PMPM) fee to access the platform by payers, providers and their members and patients. Additional revenue streams will be generated from digital therapeutics programs, risk share models and others. In the future, “transactional” revenue opportunities exist from fees for digital monitoring services that providers perform, and fees for navigation to “marketplace” that will connect care recipients to services and products like transportation and medical supplies.
How We Are Different
Multimodal communication allows us to continuously care for hard-to-reach populations
Care Angel has the ability to effectively communicate with hard-to-reach populations, through personalized conversations. Our competitive advantage is the simplicity and ubiquity of a simple telephone, supported by other modalities of communication, like text, chat and email.
In the virtual care eco-system, Angel is working to close the gap between episodic and long term care for high-need, high-cost patients. Our solution is clinically validated and proven to reduce administrative and operational costs, reduce (re)admissions and improve medical and financial outcomes for our clients. Care Angel also enables payers and provider clients to optimize performance measures (HEDIS/STAR, HCAP) and generate new revenue streams, while improving care quality, and patient satisfaction.
The Vision
Expansion of our SmartCare platform to address current and future public health concerns
Overnight, COVID-19 created widespread demand for remote healthcare solutions that could increase care capacities without overwhelming providers. In May of this year, Care Angel responded by announcing the launch of its "HEALS" (Help Early Awareness Logistics and Surveillance) COVID-19 Program, using an extension of our SmartCare Platform. As society looks to reopen, Care Angel plans to launch two additional COVID-19 offerings to support individuals as they return to their communities and employees as they return to the workplace. We are exploring developing resources to address social determinants of health like food insecurities
OUR LEADERSHIP
A passionate team of health innovation veterans on a mission to improve the health of millions
Care Angel’s CEO and founder, Wolf Shlagman, has been shaping and transforming the telehealth space since the earliest days of digital health, nearly 20 years ago. Our company’s story began over a decade ago with a pioneer telemedicine company called ‘Consult A Doctor’, which was acquired by Teladoc, Inc., a Kliener, Perkins portfolio company, in 2013. Care Angel now has a track record of success, strong connections and a profound understanding of our market space, telehealth and the patients and clients we serve. CEO, Wolf Shlagman has assembled a team of passionate individuals, all of whom are deeply experienced in the healthcare technology field and eager to tackle the challenges of the current healthcare climate.
Why Invest
Angel’s affordable, sustainable technology represents the future of healthcare
This testimonial may not be representative of the experience of other customers and is no guarantee of future performance or success.
Our simple yet sophisticated, technology-enabled solution is proven to expand service capacity, and make it possible to scale effective interventions in real time. Angel effortlessly delivers personalized care at a fraction of the cost of manual nurse outreach, call centers, IVR or mobile applications. Angel drives continuous patient engagement while closing gaps in care and improving productivity, efficiency and revenue.
The global market for services like ours will soon reach $88 billion. Our company is already working with close to 600,000 patients monthly and has improved clinical and operational efficiency by 10x, leading to $41 PMPM clinical cost reduction. We have the technology, the experience and the connections to deliver affordable, consistent care to high risk populations-- now we are calling on your support to help us scale so that we can reach and improve the lives of millions!
ABOUT
HEADQUARTERS
78 SW 7th Street, Suite 500
Miami, FL 33130
WEBSITE
View Site
Care Angel is an intelligent “virtual nurse assistant” designed to uniquely manage population health engagement at scale, driving better medical outcomes at the lowest cost.
TEAM
Wolf Shlagman
CEO, Chief Angel
Led Teladoc (TDOC), acquired by KPCB portfolio company in Q4 2013.
Over 20 years experience designing products and managing teams.
Darren Hay
Chief Revenue Officer
Governor appointed member of Florida state "Telehealth Advisory Council".
Kelly Gregorakis
VP of Marketing
Specialty in healthcare technology companies
Lena Nikolnikov
VP Product & Clinical Solutions
16 year career experience. Specialty in healthcare technology operations and product development.
Jason Hendeles
Board Member
Patrick Byrne
Board Member
TERMS
Care Angel
Overview
PRICE PER SHARE
$2.41
DEADLINE
Jul 16, 2021
VALUATION
$27.81M
AMOUNT RAISED
$287,694.52
Breakdown
MIN INVESTMENT
$494.05
MAX INVESTMENT
$106,999.18
MIN NUMBER OF SHARES OFFERED
4,149
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Class A Common Stock
MAX NUMBER OF SHARES OFFERED
443,983
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Care Angel, Inc. |
Corporate Address | : | 78 SW 7th Street, Suite 500, Miami, FL 33130 |
Offering Minimum | : | $9,999.09 |
Offering Maximum | : | $1,069,999.03 |
Minimum Investment Amount(per investor) | : | $494.05 |
Terms
Offering Type | : | Equity |
Security Name | : | Class A Common Stock |
Minimum Number of Shares Offered | : | 4,149 |
Maximum Number of Shares Offered | : | 443,983 |
Price per Share | : | $2.41 |
Pre-Money Valuation | : | $27,814,065.46 |
COVID Relief
This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary regulatory COVID-19 relief set out in Regulation Crowdfunding §227.201(z).
Expedited closing sooner than 21 days
In reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal shall not direct transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Company Perks*
Early Bird
As a special “Thank You” to early investors, Care Angel offers the opportunity to participate in the “Early Bird” Specials!
• Friends and Family - First 72 hours | 15% bonus shares
• Super Early Bird - Next 72 hours | 10% bonus
• Early Bird Bonus - Next 7 days | 5% bonus shares
• Tier 1 Perk - $500+
Perk Level 1 – (Care Angel Care Box)
• Tier 2 Perk - $1,000+
Perk Level 1 + 5% Bonus Shares
• Tier 3 Perk - $5,000+
Perk Level 1 + 7% Bonus Shares
• Tier 4 Perk - $10,000+
Perk Level 1 + 10% Bonus Shares
• Tier 5 Perk - $25,000+
Perk Level 1 + 12% Bonus Shares
• Tier 6 Perk - $50,000+
Perk Level 1 + 15% Bonus Shares
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Care Angel, Inc. 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 Class A Common Stock at $2.41/ share, you will receive and own 110 shares for $241. 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.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
ALL UPDATES
07.09.21
Thank you for your Support - Campaign is Closing Soon!
Hello Care Angel Shareholders & Supporters,
You should have received an email from StartEngine to reconfirm your investment! We also want to let you know that we're moving our campaign end date up to 7/15! We're so thankful for all the support in our campaign and excited to share with you what's next for Care Angel. Now's your chance to invest before it's too late!
If your investment has already been finalized, you do not need to reconfirm. However, if you have received an email to reconfirm and there is a Reconfirm Investment button on your dashboard, please reconfirm to stay a part of our campaign! To view your investment status follow this link https://www.startengine.com/dashboard/investments/all
Thank you!
07.07.21
Care Angel Appoints Healthcare Executive Industry Veteran, Bud Flagstad, as CEO
Hello Investors!
Care Angel is pleased to announce that we have appointed a new CEO.
A prominent healthcare leader with 30+ years experience, Mr. Flagstad has experience with health insurance, private equity, medical startup and financial services industries. Mr. Flagstad spent decades at UnitedHealth Group, a prestigious Fortune 50 company, where he spearheaded numerous innovation projects, strategic partnerships and acquisitions. In these roles Bud assisted with strategic planning, partnerships, M&A and raising capital.
With Bud Flagstad at the helm, Care Angel expects to accelerate revenue growth and expansion of clients and key partnerships.
-CARE ANGEL
07.07.21
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Care Angel offering. Here's an excerpt describing the specifics of the change:
Care Angel has added an executive and has shortened the length of their campaign.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
04.27.21
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Care Angel offering. Here's an excerpt describing the specifics of the change:
Care Angel has extended their campaign and added 2020 financials.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
04.16.21
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Care Angel has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Care Angel be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
03.15.21
Care Angel surpasses $240k in reservations | JOIN THE REVOLUTION!
Hello! We just passed the $240k milestone! Thank you to all of our investors so far for your support!
Don't forget - if you've already invested, you can invest multiple times during a campaign; it's not just a one-time investment! Our investment minimum is only $494. The more you invest, the bigger the bonus shares!
We welcome you to join the revolution and invest in the future of AI-voice, Virtual Nurse Assistants to extend care by empowering people to get and stay healthier. Angel can connect to the right care at the right time, anytime. EVERYWHERE.
-CARE ANGEL
02.19.21
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Care Angel has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Care Angel be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
02.04.21
Special Announcement: In Honor of World Cancer Day ❤️🧡💛💙🖤
First, we want to acknowledge all of the people that are facing, fighting or have conquered a cancer diagnosis and also remember the grace and courage of those that have gone before us. To the researchers and healthcare providers, we applaud you!
At Care Angel, we are dedicated to removing the obstacles that people face when coping with these complex conditions. We understand that these debilitating diseases don't just affect the patient, it also takes a toll on their care partners; families, husbands, wives, brothers, sisters, aunts, uncles, mothers, fathers, grandparents, friends and neighbors.
That is why today we're proud to announce a partnership with a global pharmaceutical leader to deploy a pilot using Angel as virtual health companion for people with advanced stage cancer. The program is designed to help people navigate their health journey, track wellbeing and provide information and education that will empower individuals and care partners.
We believe that the hardest times in your life, don't need to be the worst times of your life.
We are listening to all of the stories of struggle and stories of triumph. Our commitment is to improve lives and motivate patients to live longer, happier lives.
#WorldCancerDay
-CARE ANGEL
01.06.21
Latest News: Care Angel Launches Program to Tackle Vaccination Tracking 😷+ Symptom Monitoring 🤒
Hello Investors! We hope your new year is off to an amazing start.
We understand that public health systems, health plans and hospitals urgently need support to help our communities co-create better health monitoring and outcomes in less time, without straining or adding valuable health resources and care teams.
READ the PRESS ANNOUNCEMENT: Care Angel Launches CareVax Vaccine Tracking Program
"After millions of calls and texts tracking COVID-19 in 2020, we see 2021 as a pivotal year for Care Angel to help globally as the critical need for resources that can deliver meaningful healthcare conversations at scale has been thrust into the global spotlight," said Wolf Shlagman, CEO of Care Angel. "Sitting squarely at the intersection of digital health, telemedicine, AI and COVID-19, working with some of the largest health organizations on the planet, we are proud to already be having a noticeable impact on public health and the health and safety of society's most vulnerable populations."
Digital health infrastructure is essential for COVID-19 care, case monitoring and vaccine tracking.
- Manage COVID-19 related populations
- Provide rapid assess to COVID-19 tests, with contract trace
- Track symptoms of at-risk or COVID-19 positive families and individuals
- Proactively monitor vaccination patients for side effects
-CARE ANGEL
01.05.21
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Care Angel has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Care Angel be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
REWARDS
$494
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
Tier 1 Perk
Care Angel Care Box
$1,000
Tier 2 Perk
Perk Level 1 + 5% Bonus Shares
$5,000
Tier 3 Perk
Perk Level 1 + 7% Bonus Shares
$10,000
Tier 4 Perk
Perk Level 1 + 10% Bonus Shares
$25,000
Tier 5 Perk
Perk Level 1 + 12% Bonus Shares
$50,000
Tier 6 Perk
Perk Level 1 + 15% Bonus Shares
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
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Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
