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Neopenda isn't accepting new investments

Neopenda’s deadline was January 19, 2019

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Neopenda

Neopenda is innovating medical technologies for high-growth emerging markets
Women Founders B2B Hardware Social Impact Healthtech Healthcare Facilities & Equipment IoT
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$288,183
Raised
694
Investors
Successfully funded and closed on January 19, 2019.
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Closed on January 19, 2019. Information may not be up-to-date. Campaign closed on January 19, 2019. Information displayed may not be up-to-date.

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Neopenda, PBC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Neopenda Crowd SAFE
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Hear from some of the 694 investors in Neopenda


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Deal highlights

  • Medical device company with potential to save up to 2.6M newborn lives a year in emerging economies
  • $7.1B target market by 2023: Medical devices in Africa
  • Patent pending and additional provisional patents filed
  • Founders are biomedical engineers out of Columbia University
  • Techstars Chicago Class of 2018
  • $770k raised to date from Columbia University, Cisco, Vodafone, ADAP Capital, Techstars, and others
  • A for-profit Public Benefit Corporation
  • Become part of Neopenda’s journey for as little as $100, and see how a little goes a long way in saving lives


We Are Neopenda.

Our name comes from “neo” - for neonates, and “penda” - Swahili for love. 

Preventable Newborn Mortality: 3 million newborns are lost in developing countries each year

In fact, a newborn born in a developing country like Uganda has a nine times poorer chance of surviving its first month than one born in the United States.

It doesn’t have to be this way. WHO data shows that 80% of newborn deaths are preventable. The primary causes are complications of preterm birth, birth asphyxia, and infections. Although these conditions are treatable, many newborns do not receive the attention they need because facilities are overcrowded, understaffed, and ill-equipped. Nurses in these facilities don’t have the tools they need to provide high quality neonatal care. As a result, babies are suffering—avoidably.



Neopenda’s Solution: A 4-in-1 Vital Signs Monitor

At Neopenda, we believe that all communities deserve access to innovative, life-saving health technology. There exists a massive opportunity to create appropriately designed medical devices for a largely untapped market in emerging economies, and to do so in a way that can improve quality of care for millions of patients in need.

Our first product is a wearable 4-in-1 vital signs monitor designed to enable more responsive and appropriate medical care of newborn infants in resource constrained hospital facilities. The patent-pending device uses reflectance pulse oximetry and temperature sensors, and is worn in a reusable band. It continuously measures:

The vitals from many devices are wirelessly displayed on a tablet, where the nurse can see what’s going on with all the babies. She gets alerted when vitals go outside the healthy range, so that she knows where her attention is needed and give patients the best chance to survive and thrive.

Today, nurses in these facilities have to check babies’ vitals by hand. However, hospitals don’t have enough staff to safely monitor newborns as often as they need to be. Neopenda’s product is the only option known to us that continuously measures all crucial vital signs, and unlike other patient monitors or baby monitors, is tailored for use in low-resource settings. We’ve designed our product to be affordable, easy to use, and withstand tough environments for a long time. It doesn’t require continuous stable power or wireless internet.

Hear From Our Stakeholders


Traction and Partners

We’re dedicated to getting this right. We’ve spent the last three years in hospitals in Uganda learning from stakeholders and testing the product with nurses and doctors through our human-centered design process.

We’ve already joined forces with a diverse set of partners across the value chain:


Recognition

Our Business Model

We will sell our product in packages containing 15 wearables, 1 tablet, and all associated software, power supplies, and accessories. This package provides comprehensive monitoring for an entire 15-bed newborn unit for less than half the price of a single machine traditionally used in the U.S.

  • Gross profit margin on the package: 60-70%

  • System installation, training, and product support is included

Dual distribution modes for rapid market entry:

  • Selling direct to hospitals via in-country wholesale distributors such as the Joint Medical Stores in Uganda

  • Partnering with aid agencies such as Doctors Without Borders, whose international presence will help us rapidly scale

Additionally, the detailed frontline health data we’re collecting is of great interest to parties like NGOs and Ministries of Health. We’re currently working on a strategy to aggregate, analyze, and monetize this valuable data.


The Market: An Untapped Opportunity in Africa


Competition

Funding History

Team Neopenda

We are a team of biomedical engineers and public health experts who care deeply about saving lives and transforming the way health tech is approached in emerging markets.

Co-founders Sona (CEO) and Teresa (CTO) began Neopenda in 2015 as graduate students in Biomedical Engineering at Columbia University, after witnessing first hand in Uganda the massive opportunity to sustainably improve health outcomes for vulnerable patients. We also have Dorothy and Michael based in Kampala, Uganda, working on program activities and research activities, respectively.


What's Next

We have a lot of exciting milestones to accomplish in the next year, and we need your help to get there! Here’s what we will do next: 

We will be using your investment dollars to bring our solution to market and accelerate our growth:

  • $25,000 will fund a clinical study in Uganda
  • $100,000 will fund 3 pilot studies in Uganda and 1 in Tanzania
  • $200,000 will fund expansion to 6 countries in Sub-Saharan Africa plus India

Join Us!

Neopenda is pioneering health tech in emerging markets. We're starting with a vital signs monitoring tool to help save vulnerable newborn lives. 

We invite you to join us, as we create medical solutions for where they’re needed most!

Deal terms


Valuation cap

$6,000,000

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

Discount

20%

If a trigger event for Neopenda 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 Neopenda is accepting.
Learn more

Funding goal

$1.07M

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

Deadline
Neopenda 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 Neopenda, PBC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Neopenda Crowd SAFE

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Neopenda.
Invest
$100
Receive
  • We will give you a personal shout out on our website (with your consent)!
Invest
$500
Receive
  • All of the above + we’ll add your name to our “plaque” of supporters in our office
Invest
$1,000
Receive
  • All of the above + you’ll receive a Neopenda t-shirt.
Invest
$5,000
Receive
  • All of the above + a Neopenda photo book telling the story of our work in Uganda.
Invest
$10,000
Receive
  • All of the above + dinner with the founders at our HQ in Chicago.

Endorsed by

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About Neopenda

Legal Name
Neopenda, PBC
Founded
Jul 2018
Form
Delaware Other
Employees
2
Website
neopenda.com
Social Media
Headquarters
Google Map location of of Neopenda
222 West Merchandise Mart Plaza , Chicago, IL
Headquarters
222 West Merchandise Mart Plaza, Chicago, IL, United States 60654

Neopenda Team
Everyone helping build Neopenda, not limited to employees

Profile picture of Sona Shah
Sona Shah
Co-founder and CEO
Profile picture of Teresa Cauvel
Teresa Cauvel
Co-founder and CTO
Profile picture of Dorothy Aanyu
Dorothy Aanyu
Uganda Program Coordinator
Profile picture of Michael Adengo
Michael Adengo
Uganda Research Coordinator
Profile picture of Marisol Rodriguez
Marisol Rodriguez
Consultant - Industrial Designer
Profile picture of Taiki Esheim
Taiki Esheim
Consultant - Commercialization Strategy
Senior Product Manager, Invuity, Inc.
Profile picture of Yevgeniy Karplyuk
Yevgeniy Karplyuk
Consultant - Hardware and Firmware Engineering
Senior Researcher, Ciklum
Profile picture of Ediuska Laurens
Ediuska Laurens
Consultant - Regulatory
Founder of Genius Shield
Profile picture of Veronica Ades
Veronica Ades
Advisor - Global Public Health
OB/GYN, Faculty at NYU College of Global Public Health
Profile picture of Willo Brock
Willo Brock
Advisor - International Development
SVP of External Affairs at the TB Alliance
Profile picture of Aaron Kyle
Aaron Kyle
Advisor - Technology
Global Health Innovator and Biomedical Engineering Faculty at Columbia University
Profile picture of Rebecca Peyser
Rebecca Peyser
Advisor - Data Management
Data Scientist, MIT
Profile picture of Katherine Reuther
Katherine Reuther
Advisor - Entrepreneurship
Co-Director of the Columbia Biomedical Accelerator
Profile picture of Yvonne Vaucher
Yvonne Vaucher
Advisor - Neonatalogy and International Medicine
Neonatologist, UC San Diego, and Neonatology Consultant at Makerere University-Mulago Hospital in Kampala, Uganda
Profile picture of Peter Waiswa
Peter Waiswa
Advisor - Uganda Public Health Space
Researcher and Lecturer at Makerere University School of Public Health, Kampala, Uganda
Profile picture of Andy Lower
Andy Lower
Investor
Founder, ADAP (A Different Approach to Poverty) Capital
13 more team members
Sona Shah
Co-founder and CEO
Teresa Cauvel
Co-founder and CTO
Dorothy Aanyu
Uganda Program Coordinator
Michael Adengo
Uganda Research Coordinator
Marisol Rodriguez
Consultant - Industrial Designer
Taiki Esheim
Consultant - Commercialization Strategy
Yevgeniy Karplyuk
Consultant - Hardware and Firmware Engineering
Ediuska Laurens
Consultant - Regulatory
Veronica Ades
Advisor - Global Public Health
Willo Brock
Advisor - International Development
Aaron Kyle
Advisor - Technology
Rebecca Peyser
Advisor - Data Management
Katherine Reuther
Advisor - Entrepreneurship
Yvonne Vaucher
Advisor - Neonatalogy and International Medicine
Peter Waiswa
Advisor - Uganda Public Health Space
Andy Lower
Investor

Press

Techstars Startup Neopenda Launches Equity Crowdfunding C...
Tech Voice Africa Tech Voice Africa
·
Sep 17, 2018

Neopenda, a Chicago-based public benefit corporation, is now raising funds in an equity crowdfunding campaign. The campai...

Neopenda Launches Equity Crowdfunding Campaign for Wearab...
enStartup enStartup
·
Sep 13, 2018

edical device company that was recently accepted into the Neopenda, a m Techstars Chicago is now raising funds in an equi...

This healthcare startup is using technology to save milli...
Business Insider Business Insider
·
Jul 11, 2018

Neopenda co-founders Sona Shah and Teresa Cauvel are applying their engineering and design skills to help nurses manage n...

Uganda's Neopenda designs medical devices for emerging ma...
Disrupt Africa Disrupt Africa
·
Jun 29, 2018

Ugandan e-health startup Neopenda is building medical devices for emerging markets, aiming to provide the most vulnerable...

Wearable Vital Signs Monitor for Newborns: Interview with...
Medgadget Medgadget
·
Jun 25, 2018

Neopenda, a medical device startup based in Chicago, is developing medical solutions for low-resource settings, and has r...

Wearable device aims to reduce infant deaths (Includes in...
Digitaljournal Digitaljournal
·
May 5, 2018

The new wearable has been developed by Sona Shah and Teresa Cauvel. To develop the product they shadowed nurses and docto...

How Neopenda is fighting infant mortality with wearables
Built In Chicago
·
Mar 13, 2018

More than three million infants die within a month of being born, according to estimates by the World Health Organization...

These 2 Founders Are on a Mission to Save Millions of New...
Inc.com Inc.com
·
Jun 21, 2017

Inc.'s 11th annual 30 Under 30 list features the young founders taking on some of the world's biggest challenges. Here, m...

Announcing The Winners Of The 2017 World Changing Ideas A...
Fast Company Fast Company
·
Mar 20, 2017

Here they are: the winners of the first-ever World Changing Ideas Awards. We sifted through more than 1,000 truly impress...

Meet The Women Whose Phenomenal Invention Will Save Thous...
Forbes Forbes
·
Aug 30, 2016

Creating a tech invention with global potential is an ambition that many of us harbor but only relatively few are able to...

This high-tech hat is saving babies in Uganda
Global Citizen Global Citizen
·
Apr 27, 2016

Health It started with a desire to help the world's most vulnerable babies. Sona Shah and Teresa Cauvel, two biomedical e...

Show all
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Neopenda

Neopenda successfully raised $288,184 from 694 investors on January 19, 2019
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Jim, Theresa, T, Titus, Madhava, and 689 others invested. 190 Reviews
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