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Elemeno Health isn't accepting new investments

Elemeno Health’s deadline was September 16, 2020

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Elemeno Health

Empowering staff at the point of care: Improving safety, and fighting COVID
Social Impact B2B SaaS Diverse Founders
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Featured image of Elemeno Health
Fully Funded
$1,070,000
Raised
3,927
Investors
Successfully funded and closed on September 16, 2020.
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Co-investors
Y Combinator
The leading startup accelerator
Y Combinator is the world's top startup incubator and accelerator, known for producing breakthrough companies such as Airbnb, Twitch, Dropbox, Reddit, Instacart, Stripe, Coinbase and many others. YC has produced 102 companies worth $150M+ and 21 companies worth $1B+, with a total portfolio value of $155B+.
Y Combinator also invested in:
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Pitch Updates 16 Reviews 1226
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Closed on September 16, 2020. Information may not be up-to-date. Campaign closed on September 16, 2020. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Elemeno Health, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Elemeno Health Crowd SAFE Elemeno Health Form C-A 07.17.2020.pdf
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Hear from some of the 3,927 investors in Elemeno Health


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Highlights


10-24 employees
Company has 10-24 employees on payroll
$500K+ revenue
Company had over $500K in revenue in the past 12 months
Tier-1 Venture backing
Company is backed by a tier-1 VC firm
  • Microlearning safety solution: elevate quality, empower staff, engage teams
  • Supporting frontline teams in the fight against COVID-19 nationwide
  • $900K+ in revenue to date | $8.3M+ projected annual revenue by 2022
  • $2.9M in funding, including Launchpad Digital Health & Y Combinator (S16)
  • $2B addressable market in clinical operations alone
  • Multiple award-winner | Partnerships with 10+ hospitals across the US

$12M valuation cap for Crowd SAFE units sold until 12 pm EST/9 am PST on July 27, 2020; $18M valuation cap thereafter

Problem


Healthcare is moving fast—we need to move faster

We expect our doctors and nurses to deliver the best care possible, but medical practices are constantly changing. This is the knowledge-practice gap, and we have been closing it for our clients for three years. 

With COVID-19, change is moving even faster—from national guidelines, to regional resources, to hospital-specific workflows. The information explosion is happening across the globe now, and none of it is organized—except at our clients. Traditional staff meetings, group emails and bloated reports do not work, especially in the context of media noise. Staff are anxious and feel inadequately prepared. Patient care is inconsistent. Frontline staff are falling ill. As the surge is hitting, our healthcare workforce is straining. The world needs Elemeno now.

"It's impossible to remember every procedure and protocol" — ICU Nurse

The knowledge-practice gap is the root cause of

Stress and Burnout

$4.6 Billion / Year in the US

Medical Errors

#3 Cause of Death in the US

Waste

> $100 Billion / Year in the US

Solution


Elemeno Health: delivering information at the point of care

Elemeno Health is a team-based medical information platform—a personal assistant for doctors and nurses. Team communication and point-of-care training are essential to keeping our healthcare workforce healthy and ready to meet the COVID surge. With Elemeno, frontline staff can access the most current practices, checklists, and videos needed to deliver the best care possible, and to stay safe. We launched Elemeno 3 years ago to improve practice consistency and reduce medical errors.  We have fundamentally transformed training and accelerated adoption of best practices, improved patient outcomes, and saved providers millions.

Product


Just-in-time support, anytime, anywhere

Elemeno closes the knowledge-practice gap at the frontlines to help improve patient safety. Our proprietary cloud-based platform provides context-driven microlearning.

We transform complicated practices into bite-sized steps (decision guides, checklists, “how to” videos) to help doctors and nurses deliver the right practice at the right time. Social elements include recognition and gamification. With a built-in feedback loop, leadership learns what works, what doesn’t, and what their staff really need.

Product: A web application. Deployed without hospital IT resources. Accessible on any device.

We just brought up a COVID-specific site for a new customer in 3 hours.  By the end of the first week, nurses had used it hundreds of times.

Traction


Making an impact, now

It works. Right now with COVID-19:

"Elemeno has been absolutely critical to our ED response" — Dr. Jeanne Noble, ED Director of Disaster Preparedness, UCSF

"With this new app, our frontline staff has immediate access to recommended practices to safely care for patients who may have COVID-19. It has improved rapid communication and training for our frontline teams" — Kelly Mather, CEO, Sonoma Valley Hospital

How we started:

In a one-year study at UCSF, the Elemeno prototype was deployed to target central line care. We helped UCSF implement best practices and by doing so cut infections in half, saving over $1 million and an estimated three lives. 

We continue to validate solution efficacy with peer-reviewed publications from multiple institutions demonstrating improved outcomes. 


Developed by doctors and nurses from UCSF, Stanford, and Duke, and by gamers from EA, GSN, and Google, in partnership with Launchpad Digital Health and Y Combinator. 

We know healthcare, and we know engagement.

We've signed hospitals, clinics, and post-acute care facilities: 100% satisfied, with all renewing and/or expanding.

Customers


"Quick and easy" 

We support medical teams when they need it most

Our clients use Elemeno to streamline on-boarding, in-servicing and team updates. This saves hard costs in labor while increasing practice consistency, and ultimately improving patient outcomes.

"A quick and easy way... to provide the safest care to our patients" — C. Hansen, Neonatal ICU Nurse

"We are LOVING Elemeno as the source of truth for all of our ED providers and staff at UCSF in the rapidly changing environment of COVID-19. Transformative for us." — M. Raven, Chief, Emergency Dept.

Two years ago Cardiac Surgery Nurse Practitioner Ashley Ramirez experienced Elemeno as a client. She loved Elemeno so much, she reached out and joined our team.

Business model


B2B SaaS: Land & Expand

Elemeno offers department-based pricing, allowing clients to pick one or two departments to start, and then prove value prior to expansion. This enables us to provide fair and competitive pricing and to build a package that suits the client's highest priority needs. 

With this approach, we are on track to reach $8.3M in annual revenue by 2022, when we also expect to be cash flow positive.

Market


$2B+ market opportunity

Ability to impact multiple medical market segments, including Hospitals, Clinics, Skilled Nursing Facilities, Hospice, and Home Health. Our potential market surpasses $2B. Extension to non-clinical (e.g., cleaning staff), expands this even more.

With COVID-19, we are focused on delivering a frontline readiness product that can be deployed in any facility and then build on. Once COVID-19 crisis is over, our beachhead will be the $240M pediatric hospital market. 

Our strategic market channels involve medical device companies, learning management systems, healthcare IT companies and more. By diversifying our markets and channels, we will be able to capture an estimated $8M+ in the next two years.

Competition


Built by clinical experts for the frontline

We're all about supporting our frontline nurses and doctors. Access needs to be easy, and content needs to be actionable. Learning Management Systems and Best Practice Libraries were designed to check the box for Institutional Regulatory and Compliance. They are heavy lifts to customize, with control limited to very few. Elemeno is designed user-first by frontline doctors and nurses, for point-of-care support and team communication. Elemeno is fast and agile, with control decentralized to directly empower team leaders to help their staff get the job done right.

Vision and strategy


Sharing best practices worldwide

Our global vision is to drive knowledge sharing across institutions, enabling every healthcare professional to provide the best care possible to every patient. Our immediate target is the COVID-19 frontline training and communication gap. Elemeno is the solution to make it happen.

Funding


Y Combinator & Launchpad Digital Health

Elemeno Health has raised over $2.9M from Silicon Valley and healthcare investors, including Y Combinator,  Launchpad Digital Health, Almond Tree Capital, and Global Health Impact Fund.

As our users (nurses and doctors) and patients have been asking how they can be part Team Elemeno, we have opened up investment on Republic. What better way to show hospitals our value than to be backed by their own staff.

With the current raise, we are planning to grow our sales and marketing teams to meet demand, ramping quickly with COVID-19. Client success will increase at a slower rate, as automation will allow a lighter touch for client support, expanding our margin. Product development will also facilitate faster content creation and sharing between clients, building community and driving the network effect.

Founders


The Doctor & The Gamer

Dr. Arup Roy-Burman is former Medical Director of the Pediatric ICU at UCSF, where he designed the Elemeno prototype. He has been practicing ICU medicine for 20 years, Stanford to UCSF. Having worked days and nights together with nurses at the bedside, he understands healthcare is a team effort, and that collaboration is the key to delivering great care. 

Founder Ed Nanale has been making engaging games for 20 years at Electronic Arts, Maxis, and Lucas Arts. He is a veteran game developer who has shipped 20+ games, including SimCity Online, managing over 2 million users. Having experienced the challenges of care delivery from the patient-family perspective, he pivoted his focus to making tech for healthcare workers engaging and practical.

Together, they have applied their experience to reducing medical errors, the 3rd leading cause of death. And today, our team is tackling COVID-19, the greatest healthcare threat of our time.

Deal terms


Valuation cap

$18,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

0%

If a trigger event for Elemeno Health occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Elemeno Health is accepting.
Learn more

Funding goal

$1.07M

Elemeno Health must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Elemeno Health needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Elemeno Health, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Elemeno Health Crowd SAFE Elemeno Health Form C-A 07.17.2020.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Elemeno Health.
680 investors
Invest
$300
Receive
  • Public Health Contributor on Elemeno ‘Patient Safety Champion’ website page
  • In tribute to Lilian Wald: Pioneer in Public Health, American Nurse, Humanitarian
  • Limited (320 left of 1000)
195 investors
Invest
$1,000
Receive
  • Rural Health Ally on the Elemeno ‘Patient Safety Champion’ website page
  • In tribute to Mary Breckinridge: Pioneer in Rural Healthcare, Founded Frontier Nursing Service, Drastically Decreasing Maternal and Infant Mortality in early 1900’s.
  • Limited (305 left of 500)
37 investors
Invest
$2,200
Receive
  • Hospice Care Advocate on the Elemeno ‘Patient Safety Champion’ website page
  • "Thank you video" from frontline health care worker
  • In tribute to Florence Wald: Mother of Modern Hospice Movement, Advocate for Patients’ Dignity, Freedom from Pain, and Right to Make Autonomous Decisions.
  • Limited (63 left of 100)
19 investors
Invest
$5,000
Receive
  • Military Nursing Champion on the Elemeno ‘Patient Safety Champion’ website page
  • Group Q&A session (30 min) with Elemeno C-Suite
  • In tribute to Hazel W. Johnson-Brown: Trailblazer in Military Nursing, First Black Chief of the US Army Nurse Corps
  • Limited (6 left of 25)
2 investors
Invest
$10,000
Receive
  • Red Cross Hero on the Elemeno ‘Patient Safety Champion’ website page
  • 1:1 Q&A session (30 min) with Elemeno C-Suite
  • In tribute to Clara Barton: The Lady in Charge, Civil War Nurse, Founder of American Red Cross
  • Limited (2 left of 4)
Invest
$25,000
Receive
  • Angel on the Elemeno ‘Patient Safety Champion’ website page
  • 1:1 lunch meeting (in person or virtual) with Elemeno C-Suite
  • In tribute to Florence Nightingale: The Lady with the Lamp, Trailblazer in Nursing, Founder of Modern Nursing
  • Limited (2 left of 2)

Why others invested

See all reviews (0) See all (0)

I invested because this is an extremely timely business model right now for the healthcare world. Also the fact that this is a Y-Combinator company instantly made it more credible for me to make an investment decision.

Profile picture of Brian Harrington
Brian Harrington
Active investor
almost 5 years ago

I invested in Elemeno Health for the pandemic our world is going through now because of COVID-19. With the overwhelming numbers of this virus our caregivers need all the assistance they can get for the care of patients and the safety of themselves.

Profile picture of Kevin Dukes
Kevin Dukes
Active investor
about 5 years ago

Amazing micro-learning just-in-time platform for front-line healthcare staff. For COVID-19, Elemeno provides mission critical info, communication, point-of-care training, PPE prep, customization, supports safe screening, reporting, best practices!

Profile picture of Ken Toren
Ken Toren
about 5 years ago

About Elemeno Health

Legal Name
Elemeno Health, Inc.
Founded
Jan 2016
Form
Delaware Corporation
Employees
12
Website
elemenohealth.com
Social Media
Headquarters
Google Map location of of Elemeno Health
2910 Ford Street , Oakland, CA
Headquarters
2910 Ford Street, Oakland, CA, United States 94601

Elemeno Health Team
Everyone helping build Elemeno Health, not limited to employees

Profile picture of Carole Klove RN JD
Carole Klove RN JD
Chief Nurse
30+ years of experience in healthcare as a nurse, attorney, consultant, and executive, including Chief Compliance & Privacy Officer at UCLA and Stanford. Carole serves on the Alumni Board of Directors at the Duke School of Nursing.
Profile picture of Scott Cohen MHA
Scott Cohen MHA
Operations
Extensive leadership experience at Athenahealth and Healtheon/WebMD. Most recently, as VP of Client Development at Athena he helped lead the company from 200 employees to 6,000, and over $1B in revenue.
Profile picture of Ashley Ramirez RN, NP
Ashley Ramirez RN, NP
Clinical Specialist
15 year experience as a neonatal, pediatric, and cardiac ICU nurse, NP, and educator. Ashley has extensive experience in global health, as well, serving with the Peace Corps and Operation Smile.
Profile picture of Arup Roy-Burman MD
Arup Roy-Burman MD
Founder & CEO
Profile picture of Ed  Nanale
Ed Nanale
Founder, Engineering
Profile picture of Steve Mundro
Steve Mundro
VP, Engineering
Profile picture of Laine Fuller
Laine Fuller
VP, Sales & Business Development
Profile picture of Eric Uhrhane
Eric Uhrhane
Principal Engineer
Profile picture of Eirish Sison
Eirish Sison
Project Manager: Content Production & Product Development
Profile picture of Elliott Nguyen
Elliott Nguyen
Client Success Manager
Profile picture of Nicolas Pappas
Nicolas Pappas
Client Success Specialist
Profile picture of Jacob  Albers
Jacob Albers
Client Success Specialist
Profile picture of Trevor Carpenter
Trevor Carpenter
Content Builder
Profile picture of Kirby LMNO
Kirby LMNO
Barketing Manager
11 more team members
Carole Klove RN JD
Chief Nurse
Arup Roy-Burman MD
Founder & CEO
Scott Cohen MHA
Operations
Ed Nanale
Founder, Engineering
Ashley Ramirez RN, NP
Clinical Specialist
Steve Mundro
VP, Engineering
Laine Fuller
VP, Sales & Business Development
Eric Uhrhane
Principal Engineer
Eirish Sison
Project Manager: Content Production & Product Development
Elliott Nguyen
Client Success Manager
Nicolas Pappas
Client Success Specialist
Jacob Albers
Client Success Specialist
Trevor Carpenter
Content Builder
Kirby LMNO
Barketing Manager

Press

Emergency department preparation for COVID-19: accelerate...
Emergency Medicine Journal Emergency Medicine Journal
·
May 27, 2020

By 11 February 2020 when the WHO named the novel coronavirus (SARS-CoV-2) and the disease it causes (COVID-19), it was ev...

App Puts an Expert in Nurses' Pockets to Reduce Medical E...
MDDI Online MDDI Online
·
May 20, 2020

As frontline healthcare workers across the United States continue to treat COVID-19 patients, staff at hospitals that hav...

Elemeno Health and ACEP Announce Partnership to Deploy Fr...
Yahoo Yahoo
·
Apr 28, 2020

Elemeno Health is joining forces with the American College of Emergency Physicians (ACEP) to help frontline healthcare te...

Elemeno Health and ACEP Announce Partnership to Deploy Fr...
Businesswire Businesswire
·
Apr 28, 2020

OAKLAND, Calif.--()-- Elemeno Health is joining forces with the American College of Emergency Physicians (ACEP) to help f...

Impact Investments Rise Amid Covid-19 Pandemic
Barrons Barrons
·
Apr 5, 2020

Investors who care about creating a positive impact for society have been stepping up to finance companies directly invol...

Coronavirus: Ashley Ramirez helps fight COVID-19
The Reporter The Reporter
·
Apr 4, 2020

Ashley Ramirez established her athletic credentials on the courts and fields of Will C. Wood High School in the early 200...

Preparing Our Teams For Coronavirus: A Better Way
ZDoggMD ZDoggMD
·
Mar 27, 2020

Hey everybody, it's Dr. Z. Welcome to 'The ZDoggMD Show". Okay, there's a huge problem right now with this COVID pandemic...

COVID-19 Frontline Readiness: Elemeno's Digital App Ensur...
Yahoo Yahoo
·
Mar 19, 2020

Sonoma Valley Hospital goes live with Elemeno in less than 12 hours following UCSF lead. Up-to-the-moment infection contr...

Singing River Health System Partners with Elemeno to Prov...
AP NEWS AP NEWS
·
Feb 25, 2020

Press release content from Business Wire. The AP news staff was not involved in its creation. PASCAGOULA, Miss. & OAKLAND...

Top Deal: A Standardized Medical Information System to Im...
Kingscrowd Kingscrowd

Key Stats: Elemeno Health on Republic Valuation Cap $12M Amount Raised $94,913 Number of Investors 323 Minimum Raise $25,...

How Elemeno Health is shaping hospitals' best practices -...
San Francisco Business Times San Francisco Business Times

During the arc of his decades-long career as a pediatric critical care specialist, most recently at UCSF Medical Center, ...

Show all
Logo of Elemeno Health

Elemeno Health

Elemeno Health successfully raised $1,070,000 from 3927 investors on September 16, 2020
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Brian, Arun, Patricia, Joseph, Nykyia, and 3922 others invested. 1226 Reviews
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