GET A PIECE OF FUTURE CARDIA
Voice of the Heart
$3,045,157 Raised
Reasons to Invest
- World-renowned cardiologists, engineers and scientists: with over 180 years of combined expertise in cardiology and medical devices development with multiple exits and one IPO.
- Raised $4M ($3.3m on Republic and $700K from Super Angels) in 2021 to disrupt the $5B Heart Failure monitoring market.
- Stanford StartX: is the premier accelerator program in the world with one of the highest success rates along with 10 startups achieving unicorn status in the past 12 years. StartX companies have a combined valuation of over $30B and 92% survival rate. Over 300 Silicon Valley mentors participate in the program.
- Johnson and Johnson's JLABS: is a global network of open innovation ecosystems, enabling and empowering innovators to accelerate the delivery of life-saving, life-enhancing health and wellness solutions to patients around the world. JLABS companies have a combined valuation of $9.4B. Five IPOs, Eight acquisitions.
OVERVIEW
Cardiologist and Patients Deserve a Better Option
Cardiologists today lack good options for monitoring their heart failure patients at home. Future Cardia is developing an implanted remote cardiac monitor to address this problem. Designed to provide comprehensive 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
- Preparing for lab testing and then human implant in 2022 using Electrocardiogram (ECG) and heart sounds with remote monitoring technology to monitor heart
- Provides actionable and quantifiable data analytics for the cardiologists
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 muscles. 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 (acquired for $455 million) 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.
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 biomarker for Cardiology.
Our product relies on three main features: an acoustic sensor, an ECG, and a 3-Axis Accelerometer. The acoustic sensor listens to heart and lung sounds, while the Electrocardiogram (ECG) records heart rhythms and 3-Axis Accelerometer records activity, posture and body orientation.
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 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 $7,400 / 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 $7,400 (insurance coverage). With this business model, we project that our first 5K implants will generate $26M in revenue within 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.
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE [https://www.sec.gov/Archives/edgar/data/1777274/000121390021002171/ea133381-253g1_oraclehealth.htm].
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
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ABOUT
HEADQUARTERS
2450 Holcombe Blvd suit J
Houston, TX 77021
WEBSITE
View Site
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.
TEAM
Jaeson Bang
Founder & CEO
-Extensive background in sales and product development in implantable devices operations.
-Kellogg MBA
Dimitrios Georgakopoulos, PhD
Director of Science
- 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
Data Scientist
- Electrical Engineering and PhD from Stanford University.
- Currently working on AI at a top software company in Silicon Valley.
Professor Frits Prinzen, PhD
Scientist
- 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
DEADLINE
Jun 21, 2022
VALUATION
$20M
FUNDING GOAL
$ - $4.71M
Breakdown
MIN INVESTMENT
$250
MAX INVESTMENT
$100,000
MIN NUMBER OF SHARES OFFERED
0
MAX NUMBER OF SHARES OFFERED
2,355,221
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
No perks
PRESS
ALL UPDATES
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JOIN THE DISCUSSION
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Jarod Rudisill
8 months ago
Hi, I have a new email and am not getting updates any more. Can someone help with this?
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Jaeson Bang
Future Cardia
•
9 months ago
Dear Investors,
Thank you for your kind consideration and investment in Future Cardia and me.
Current funding environment for a SEED stage bioelectric space is tough, however, we have a strong financial foundation to take us to human implant in Q2/Q3 2023.
Number one goal is to implant in Patients in 2023
Update for 2022 and 2023
• We have sufficient funding for human implant in Q2/Q3 2023
• Potential strategic investors are engaged and fully aware of our plans.
o NDA signed with two of the biggest medical device companies in the world
• We will move the needle when we implant in patients
• StartEngine, Republic, Super Angels and Private Equity Investments
o Closed >$8M SEED funding
• World Renowned Key Opinion Leaders joined
o Top heart failure physician from DUKE joined
o Top cardiologist from Mount Sinai NY joined
• Device Performance
o 4 implant testing at top universities
o 100% wireless connectivity
o 100% accuracy on heart rhythm detection
o Successful two-week chronic implant testing
Thank you.
Sincerely,
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David Miller
9 months ago
What's the latest news?
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Brad Dancer
a year ago
Update would be much appreciated
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Joseph Mccarthy
a year ago
When are shares redeemable?
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n/a n/a
a year ago
I have questions who I ask
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Viral Kothary
a year ago
Since the round closed on June 20, 2022, when are my funds expected to be removed from escrow (the funds have already been. Removed from my bank account) and actually get my outstanding shares in Future Cardia?
What are the next steps?
Thanks.
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Grant Wehrkamp
a year ago
So close to $3 million I can smell it. Congratulations!
I wish this device was ready now. There are two people I know whom could probably benefit. I'll just have to wait.
I'm invested, and I'm here for as long as it takes. However, I still have several technical questions.
>> Since data is being transferred to a smartphone, how often does it sync? How long can the device store data independently? Can a patient go camping for the weekend and leave the phone at home?
Because you're likely using Bluetooth Low-Energy (BLE) to transmit data:
>>Will there be any data encryption?
(I understand the device must be VERY thrifty regarding power consumption and encryption is expensive.)
>>What, if any, authentication is being used to ensure the device only connects to the patient's phone?
>> What security measures are preventing a bad actor from: deleting/changing data, disabling the device, running down the battery prematurely, other mischief I can't even think of right now?
Privacy and tracking (both physical and online) concerns are gaining more attention in the public sphere. With that in mind:
>> Security researchers have demonstrated they could control some pacemakers (models with wireless capability) and retrieve patient names, addresses, social security numbers, and more. Will your device store any personal information?
>> BLE is inherently short-range, so we can deduce that a device must be "nearby" when receiving a signal. In order to keep nosy neighbors/tech-savvy teenagers/criminals/curious people with laptops and really good antennas from tracking when the patient (device) is or is not nearby, can your device be made "radio silent," when not uploading/syncing?
(This is basically the principle behind Apple AirTags and other trackers.)
Finally, with regard to all previously mentioned concerns:
>> Would you consider a third-party audit, if funding permits, to prove the reliability & security of your code?
>> Would you consider releasing any of your code under an "open source" license?
(That last one's a big ask, but I figured why not?!)
A lot of these points, thoughtfully addressed, can become sales and marketing advantages, "Future Cardia has the best monitoring AND is taking active steps to protect your privacy." That sort of thing.
Thanks for your consideration.
Good luck!
-Grant
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Arturo Munguia
a year ago
I just invested! Very excited about this company and it’s progress so far. I have wanted to invest in (oracle) future cardia since it was on Republic. I read the story about the CEO and company on Republic on how at the last minute some investor came in and believed in him and the company and saved this great company with an outstanding CEO. Now Future Cardia has over 6000+ investors supporting it! Thank you Jae for giving us this opportunity to invest on StartEngine at this very low valuation. I invested more than what I intended to invest but with the future of this company and with JAE I had to. Thank you so much JAE B and Future Cardia!!
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Barrington Carter
3 months ago
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