INVEST IN FUTURE CARDIA TODAY!
Voice of the Heart
$998,993.56 Raised
REASONS TO INVEST
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
Cardiologists and Patients Deserve a Better Option
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.
- Detects early signs of Heart Failure problems before symptoms
- Pre-clinical testing with 26 heart failure patients
- Pre-clinical Lab Implants at Duke University
- World Renown physicians from Harvard, Stanford, The OSU, and Maastricht joined
- Using ECG and Heart Sounds as biomarkers for patients suffering from long-term cardiac diseases.
THE PROBLEM
Heart Failure Emergencies are a $40 Billion a Year 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
$5 Billion Total Addressable Market Opportunity
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
A Cardiac Monitor Using Remote Monitoring Technology and AI
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
Short Regulatory Path with Existing Insurance Coverage of $7,600 / Device for Commercialization
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.
ABOUT
HEADQUARTERS
910 Woodbridge Court
Safety Harbor, FL 34695
WEBSITE
View Site
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.
TEAM
Jaeson Bang
CEO, Founder, Secretary, Treasurer, and Director
-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.
TERMS
Future Cardia
Overview
PRICE PER SHARE
$2.95
DEADLINE
Jun 30, 2023
VALUATION
$40.11M
FUNDING GOAL
$10k - $5M
Breakdown
MIN INVESTMENT
$265.50
MAX INVESTMENT
$4,999,999.25
MIN NUMBER OF SHARES OFFERED
3,388
MAX NUMBER OF SHARES OFFERED
1,694,915
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock
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.
NEW UPDATES
06.05.23
WHAT IS HEART FAILURE
Dear StartEngine Investors,
I would like to share with you a brief overview of what Heart Failure is.
Patients with Heart Failure have a weakened heart muscle, whose job is to pump blood throughout the body.
As that pump begins to fail, fluid accumulates in the lungs. Resulting in difficulty breathing and frequent hospitalizations.
HF is one of the costliest health care expenditures we have.
And our goal is to reduce unnecessary hospitalization by using long term trending ECG and Heart Sound data as biomarkers.
Thank you.
Jae B
ALL UPDATES
06.02.23
95% TO A MILLION
Dear StartEngine Investors,
Thank you for your kind investment considerations.
As we are getting close to a Million Dollar in investment, I cannot stop thinking about this privilege.
I so proud to know that I attended Heart Rhythm Society meetings on our own. This would not be possible without your trust in me.
We are building a complex device with your help. Nowhere else this is possible.
Over 30 people and Tens of millions of machineries and facilities are utilized to build Future Cardia devices.
Will continue to stay scrappy, agile and vigilant!
Best,
Jae B
05.24.23
ONE OF THE BIGGEST CARDIOLOGY CONGRESS IN THE WORLD
Huge thanks to our investors for making this happen.
I am incredibly grateful for our investors that allowed me to come to HRS. I met with over 50 investors, physicians, scientists and colleagues. These meetings help me to meet with strategic investors, learn about the forefront of cardiac science, medical innovations, and most importantly, seek physician input to finetune our device.
Jae B
05.20.23
HEART RHYTHM SOCIETY MEETING
Huge Thanks to our investors for making this happen.
For many, Heart Rhythm Society Meeting have been an important part of their career.
I was fortunate enough to have previous companies sponsored me to attend all of them.
Today, thanks to our investors, I am able to attend this meeting to meet with Investors and strategic partners.
I am being careful with your investment, and will continue to be scrappy.
Best,
Jae B
05.15.23
WHY NOT WEARABLES
Dear StartEngine Investors,
I received an excellent set of questions from several investors.
Why not Wearables? Wearables are ideal for short term monitoring or as a consumer electronics. However, overall patient compliance drops significantly after several months of use. So, they are not used for long term solution.
Who is the Incumbent? Currently, CardioMems (acq for $455M in 2014) by Abbott is the incumbent. It requires a sensor implant INSIDE THE HEART in a cath lab procedure. Although accurate, they are expensive, complex and not for everyone.
Hope this helps.
Thank you.
Jae B
05.11.23
HEART RHYTHM SOCIETY MEETING
Dear StartEngine Investors,
Future Cardia will be attending Heart Rhythm Society's biggest event.
It is an annual event that brings many of the top cardiologists, device manufacturers and investors.
For 2023, it will be held in New Orleans (San Francisco for 2024).
Huge honor to be a member of HRS!
Thank you.
Jae B
05.09.23
BROKE $900K ON STARTENGINE
Dear StartEngine Investors,
Thank you for your kind support and trust in us. We are moving fast but cautiously and methodically.
We broke $900K barrier thanks to so many of our investors and StartEngine community at large.
More to follow!
Best,
Jae B
05.05.23
FINALIZING OUR FIRST BUILD
Dear Investors,
Last week, we were able to marry the electronics and the titanium enclosure.
This is particularly important step for us, as this version is near patient ready. Prior versions were for live lab and bench testings.
We are one step close to bringing value to our patients, physicians and the investors.
Thank You.
Jae B
05.01.23
WE HAVE OUR BOARDS
Dear Investors,
We are proud to announce that our circuit board is ready. This tiny board represents your trust in us, as it took 2 years to design and manufacture.
Only a handful of companies can make these type of boards for implant.
And only the USA and handful of countries have the fortitude and capabilities to manufacture devices of this complexity and durability.
Next is to marry the board to the case/battery. Super proud!
More to follow.
Thank you.
Jae B
I am sorry for the pic, but cannot share too much info.
04.24.23
JOURNAL OF AMERICAN COLLEGE OF CARDIOLOGY
Dear StartEngine Investors,
It is an honor and a privilege to announce that our Heart Failure data from DUKE University was published today.
We are using ECG and Heart Sounds as biomarkers to monitor long term cardiac diseases using remote monitoring technology.
JACC is a peer-reviewed medical journal covering all aspects of cardiovascular disease, including original clinical studies, translations investigations with clear clinical relevance, state-of-the-art papers, review articles and editorials interpreting and commenting on the research presented, published by the American College of Cardiology.
LINK to Future Cardia Publication on JACC
Thank you.
Jae B
04.20.23
FEATURED ON KINGSCROWD
Dear StartEngine Investors,
I would like to share a brief summary of KingsCrowd and its importance to Future Cardia and Equity crowdfunding in general.
KingsCrowd is comprised of a team of financiers, venture capitalists, technologists, founders and industry experts, whose mission is to democratize private market investing.
Team at Kingscrowd was kind enough to feature Future Cardia to their members. Please take a look at the summary of the featured article.
From Kingscrowd (April 17, 2023)
I met Future Cardia founder and CEO Jaeson Bang of for the first time in 2020. I was facilitating the admissions process of StartX, Standford’s startup accelerator, when Jae was applying. I worked at StartX through four admissions processes until 2021, and I saw Jae go through the same dance every time. He would pass every single interview round, but at the end, judges would have doubts. I would organize an additional interview for them to get one last chance to decide whether to accept Jae, but he was never admitted. I didn’t know much about medtech then, but I could see Jae’s determination and positive attitude every time he applied. He was a passionate and committed founder.
After I joined KingsCrowd, I was pleasantly surprised to run across Future Cardia’s StartEngine raise in 2022. By that time, Future Cardia had earned a recommendation from First Stage Investor and a Deal to Watch rating on KingsCrowd. When I spoke with Jae last year for a Founder Profile, he told me that the $3.4 million that Future Cardia raised in 2021 convinced StartX judges to accept him into their founder community. After that update, I personally invested in Future Cardia. When I invest in companies, I look for great founders with the passion and commitment that will help them handle the ups and downs of leading a startup. This is what I saw in Jae, so I took the opportunity to participate in Future Cardia’s last round on StartEngine. Many others did the same. And it makes sense. Future Cardia created a precise heart monitor in a space with few competitors, and Jae managed to gather a team of very smart professionals to grow the company. Now Future Cardia is raising again on StartEngine. So I checked in with Jae to get an update on the company. How to Make It in Medtech Let’s cover a bit of background to understand what investors should expect from Future Cardia.
Future Cardia didn’t move as fast as Jae told me it would last year. He wanted to implant in patients in 2022 and receive FDA clearance by mid-2023. Future Cardia did implant in four patients at top universities, including Duke, but won’t start its human trial until the tail end of 2023, which will make it impossible to receive FDA clearance within the next 12 months.
Jae explained that supply chain issues made progress slower. But Future Cardia is still in a good position as it has at least a year of runway in the bank.
The company is working on improving its product. On top of an electrocardiogram and heart sound monitor, it will include an oxygen sensor to measure patients’ blood pressure. To do so, it will integrate a new battery that is 50% smaller than its current one, which will give it extra space on the monitor to include its oxygen sensor.
After its Croatian trial, Future Cardia should launch a larger 300-unit trial in a country that has cheap costs and U.S.-trained doctors, possibly in Europe or Latin America.
An Inflection Point for Investors
As with every medical device startup, the risks are high. The device could not work as planned, there could be manufacturing issues, the startup could run out of cash, or it could have difficulty receiving FDA clearance.
But as a previous investor, I still see the same determination and passion that Jae has for the startup he is building, and I’m satisfied with the company's current progress. Now it just needs a successful human trial.
Good investing,
~The End~
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
$265
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.
$1,000
Tier 1
Receive 5% bonus shares.
$1,500
Tier 2
Receive 7% bonus shares.
$5,000
Tier 3
Receive 10% bonus shares.
$10,000
Tier 4
Receive 15% bonus shares.
JOIN THE DISCUSSION
0/2500
David Komitau
16 INVESTMENTS
4 days ago
Greetings Jaeson,
I invested in Oracle Health in February 2020 when your campaign was with MicroVentures. I noticed that your current campaign with StartEngine said all your investors from 2021, 2022, and 2023, are with Vstock transfer agent. What about investors in 2020 like myself? I went into my Vstock account and there is NOTHING there. WHY??
WHO IS MY TRANSFER AGENT?? How do I transfer this stock when you have an IPO?? Thank you
1
0
Christopher Wilson
13 days ago
Jaeson,
I see a total of four employees including you. Are there any other engineers working on this device? It seems like with the advancement of technology and chipsets becoming smaller and smaller each day that this device would be a no-brainer for your competitors to make and make a lot more money. Why haven't they? it just seems like this device is too simple in the scheme of things.
1
0
Russell Piche
16 days ago
Is there a transfer agent established for the shares? (2021 Investor)
1
0
Ajith Potluri
21 days ago
Hello Jason
how is the money from this is raise is going to be utilized?
thank you.
1
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Megan Young
a month ago
Hi-How is this any different from the Medtronic device that is already available?
2
0
Brenda Wolf
4 INVESTMENTS
a month ago
Hello there! I'm interested in finding out if Future Cardia holds any patents. Additionally, I was wondering if you have any information on the average out-of-pocket expenses for insured patients. Thank you!
1
0
Jaeson Bang
Future Cardia
•
a month ago
Hi Gary Vein - I am unable to answer directly to your feed. So here it is. Your investment in two different platforms do not impact your investment. They do not need to merge.
You own shares of Future Cardia in two different time frame, so nothing is changed or need to be merged.
All good.
Thanks.
Jae B
0
0
Nicolas Suarez
1 INVESTMENTS
a month ago
Can you summarize the next ~3y of projected timeline of regulatory approvals + any trials and when ultimate commercialization is expected?
2
0
John Choi
5 INVESTMENTS
a month ago
Hello, i made an investment in March 2023 and received the 20% "Friends and Family" bonus (time-based) and an additional 10% Owner's Bonus for a total of 30% bonus. However, reading the bonus terms, it seems like i should have also qualified for the 10% Loyalty Bonus for my previous investment through Republic ("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."). Can you please confirm if i should have qualified for the Loyalty Bonus? Thank you.
6
0
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Andre Hightower
8 hours ago
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