GET A PIECE OF FUTURE CARDIA
200 years of combined expertise with multiple exits and two IPO
$8M previously raised by notable angel investor group and equity crowdfunding
A Stanford StartX company, a member of Johnson and Johnson's JLABS
the pitch
We are Future Cardia (Oracle Health, Inc.) - Bringing you a tiny insertable cardiac monitor for a long-term heart failure monitoring solution to disrupt the $5B market and to set the stage for Connected Implants. Our approach is a simple 2-minute office procedure that brings simplicity, accuracy, high compliance for long-term monitoring, and existing insurance coverage. We are actively testing and manufacturing our products, and are part of programs like Stanford StartX and Johnson & Johnson JLabs. We are backed by strong investors like Sand Hill Angels, and have previously raised $8 million.
OVERVIEW
Patients and Cardiologists lack viable monitoring solutions for Heart Failure.
Future Cardia is designed to provide comprehensive long term data and analysis to doctors, Future Cardia also aims to build the largest collection of long-term cardiac data to improve the lives of patients.
THE PROBLEM
A lack of remote Heart Failure monitoring solutions makes it difficult for heart failure patients and healthcare providers to address emergencies. As a chronic disease, our patients and physicians are stuck between real emergencies and false alarms, resulting in referral to the Emergency Department and subsequent admission to the hospital, even if it is a false alarm.
Heart failure is a cardiac condition that often results in breathing problems and frequent hospitalizations. Heart Failure patients have weakened heart muscle. As the heart begins to fail, fluid slowly accumulates in the lungs, which can lead to sudden and severe breathing problems.
In the US alone, six million patients suffer from Heart Failure. Canada and Europe are facing the same problem. Because of the lack of a remote monitoring solution for Heart Failure, patients are referred to the ER and subsequently hospitalized, even if it is a false alarm.
Invasive heart procedure devices such as CardioMems by Abbott are the current standard. This device requires a sensor implant inside the heart or around the heart (Pulmonary Artery) in a cath lab procedure. Accurate, however, they are expensive, complex and are not the ideal solution for all patients.
Wearable monitors are ideal for short-term solutions, however, they suffer from low accuracy, patient non-compliance, and limited data. Therefore, they have a limited use when it comes to long-term Heart Failure monitoring.
THE MARKET
Initially, Future Cardia will focus on the one million patients suffering from heart failure, who are in immediate need of remote monitoring solutions. Eventually, we hope to reach all six million Americans who suffer from heart failure.
THE SOLUTION
Future Cardia is developing a tiny, insertable cardiac device to monitor Heart Failure and reduce unnecessary hospitalizations. The device utilizes multi-sensors, remote monitoring technology and cloud based Artificial Intelligence for long-term comprehensive cardiac monitoring.
This is a simple 2-minute office procedure that does not require a follow up, saving time for both patients and cardiologists. The device is inserted under the skin for improved accuracy, and does not require invasive surgery that other implanted devices do.
*Product images are computer-generated demo versions of a product currently under development.
*The Company's smart phone app is currently in beta development and not currently available for general use.
By tracking trends in ECG and Heart Sounds readings, physicians can detect heart failure decompensation before the onset of symptoms. This gives them actionable data to steer the patient away from further complications.
Billions of data points for a comprehensive long term cardiac monitoring solution
Future Cardia is developing a compact cardiac device that is inserted subcutaneously (under the skin) in a two-minute office procedure. Once administered, each device yields billions of data points, allowing healthcare providers to compare trending changes over 2-3 years for continuous cardiac monitoring. As Future Cardia collects more data, the analysis will improve through the use of machine learning and AI using ECG and Heart Sounds as biomarkers for Cardiology.
Our product relies on three main features:
1. An ECG to record electrical activities of the heart
2. An acoustic sensor to listen to the heart and lung sounds,
3. And an Accelerometer to record activity.
Our device has high patient compliance over the long-term, because patients do not need to follow a complex process to monitor their cardiac health.
Recorded cardiac data is securely transmitted to a smartphone, then to a cloud-based Artificial Intelligence algorithm for analysis, which the cardiologist can then review and take action.
By analyzing electrical and physiological trends, Future Cardia detects subtle changes and early signs of cardiac decline even before symptoms appear. This allows clinicians to prioritize at-risk patients, implement therapeutic interventions, and prevent hospitalizations.
WHY INVEST
Future Cardia has a simple go-to-market plan. First, we will focus on two highest volume regions, Texas and Florida. We expect Texas and Florida to generate $5.5 million within two years of launch. Each unit will retail for $5,300/unit with an established reimbursement of $7,600 (insurance coverage). With this business model, we anticipate that our first 5K implants will generate $26M in revenue within approximately 4 years.
Second, we will obtain the most comprehensive, long-term cardiac data to date as biomarkers for cardiology. This will allow Future Cardia to venture into predictions for cardiac events, and human longevity study.
We are a med-tech company made up of experienced personnel with over 200 years of combined expertise in cardiology and medical devices. We are currently underway with testing and manufacturing our insertable cardiac monitor device, and are backed by major investors, such as Sand Hill Angels. Future Cardia is currently in its pre-revenue stage of business development and focusing on R&D.
-Extensive background in sales and product development in implantable devices operations.
-Kellogg MBA
Lauren Ioslavits
Board Member
Lauren is an entrepreneur and senior executive with over 25 years of experience delivering results. She is currently the CEO of Meel Corp., a producer and distributor of frozen foods to the retail, club and food service channels. Prior to Meel Corp., Lauren was the co-founder of Investran, the Private Equity industry’s leading platform for fund administration and investor reporting. She was also part of the founding team of TM1 which, through a series of M&A transactions, is now the centerpiece of IBM’s Planning and Analytics platform.
Lauren is a seed investor in investment technology platforms and serves as a strategic advisor and board member to several of them.
Randy Brase
VP of Manufacturing
John Kruse
VP of R&D and Electrical Engineer
John Melquist
VP of Quality Assurance
Dimitrios Georgakopoulos PhD
Scientific Advisor
Held Chief Science Officer position at a NASDAQ company.
PhD from Johns Hopkins
Dr. Dan Burkhoff MD PhD
Medical Advisor
Multiple exits.
Served at a VP at Heartware, which was acquired by Medtronic for $1.2B.
Dr. Kevin Heist MD PhD
Medical Advisor
Cardiologist with his specialty in the field of Electrophysiology to treat Cardiac Arrhythmias.
Currently practicing at Mass General Hospital in Boston.
Anatoly Yakovlev PhD
Machine Learning Advisor
Electrical Engineering and PhD from Stanford University.
Currently working on AI at a top software company in Silicon Valley.
Professor Frits Prinzen PhD
Scientific Advisor
Architect of commonly used cardiac models and publisher of landmark research.
Dr. Toshi Okabe MD
Medical Advisor
Expertise in managing cardiac arrhythmia and cardiac ablations.
Dr. David Kraus MD
Medical Advisor
Top clinical trialist in the US.
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives & Bonuses*
Loyalty Bonus | 10% Bonus Shares
Previous Investors in Future Cardia will receive additional 10% bonus shares.
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:
$1,000+ | Tier 1
Receive 5% bonus shares.
$2,500+ | Tier 2
Receive 7% bonus shares.
$5,000+ |Tier 3
Receive 10% bonus shares.
$10,000+ | Tier 4
Receive 15% bonus shares.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Future Cardia, 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 Common Stock at $2.95 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $295. 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.
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 and Loyalty Bonus in addition to the aforementioned bonus.
Members get an extra 10% shares in addition to rewards below!
Earn 10% Bonus Shares
Earn 10% bonus shares in this investment and all eligible investments for an entire year. If you are not already an Owners bonus holder, you can join now, for $275, billed annually.
Tier 1
Receive 5% bonus shares.
Tier 2
Receive 7% bonus shares.
Tier 3
Receive 10% bonus shares.
Tier 4
Receive 15% bonus shares.
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