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Neureka® for Epilepsy isn't accepting new investments

Neureka® for Epilepsy’s deadline was April 16, 2023

Follow the company to stay updated on their progress, including future investment opportunities


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Logo of Neureka® for Epilepsy

Neureka® for Epilepsy

Epilepsy care reimagined: AI-powered wearables for on-demand care, 24/7
B2C Sleep Immigrant Founders B2B Healthtech Women Founders Wearables Apps
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Featured image of Neureka® for Epilepsy
$87,101
Raised
100
Investors
Successfully funded and closed on April 16, 2023.
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Problem Solution Product How it works Traction Customers Biz. model Market Competition Vision and strategy Impact Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Novela Neurotechnologies, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Neureka® for Epilepsy Crowd SAFE Neureka Form C.pdf
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Hear from some of the 100 people reserved or invested in Neureka® for Epilepsy


Show more

Highlights


$1M+ raised
Company has previously raised over $1M in capital
  • Neureka® provides AI-powered wearables for on-demand, 24/7 epilepsy care
  • Unprecedented data collection with FDA-cleared tech
  • Neureka® Sleep offers peace of mind during sleep, when SUDEP can strike
  • Instant alerts to improve medication adherence & deliver preventative care
  • 10+ years of R&D coming to market, with $4.5M raised
  • Accelerating B2C market traction & US epilepsy center partnerships
  • Market frontier includes sleep disorders & other neurological conditions

Problem


Today’s epilepsy
care lacks data...

For many people with epilepsy, getting on the right treatment is a painfully slow process. It can be overwhelming to track seizures, medications, side effects, and sleep, and share accurate information with doctors. This all adds up to poor treatment decisions and long patient journeys toward seizure freedom.

  • Infrequent appointments, 30+ days between visits

  • Limited, inaccurate data leads to long treatment journeys

  • No at-home monitoring of sleep risk, including Sudden Unexpected Death in Epilepsy (SUDEP)

—
...and there isn’t enough data to
solve the mystery of SUDEP:
—

Sudden Unexpected Death in Epilepsy (SUDEP) is when an otherwise healthy person with epilepsy dies suddenly without warning, and no reason for death is found. SUDEP deaths typically occur during sleep. 

SUDEP claims the lives of over 1 in 1,000 people with epilepsy every year. Its cause is currently unknown, and it remains poorly understood because there isn’t enough data to solve the mystery of SUDEP.


The toll of epilepsy

Even if you're not aware of it, you probably know someone with epilepsy. Epilepsy is the 4th most common neurological condition worldwide and affects 1 in 26 Americans in their lifetime. 

The Devastating Burden of SUDEP

SUDEP claims the lives of over 65,000 people worldwide every year of all ages, nationalities, and genders. SUDEP often strikes without warning, leaving a devastating impact on families and loved ones left behind.


Solution


Neureka® reimagines epilepsy care

Neureka® provides AI-powered wearables for on-demand, 24/7 epilepsy care—from the comfort of home.

Patients & their loved ones no longer have to struggle with long wait times between appointments and a lack of understanding of their treatment progress. 

With Neureka®, patients can connect with their care teams and review their health data wherever, whenever. Their doctors are empowered with data to help make treatment decisions with more confidence.

This data can also be used to help researchers solve the mystery of SUDEP, in the hope of developing new life-saving interventions.

Product


Meet Neureka®

Neureka® makes it easy for patients
to manage all aspects of their epilepsy,
24/7, with all their health data at their fingertips.

—

Neureka® sends instant alerts to improve medication adherence & deliver preventative care.

Patients can easily track seizures, get medication reminders, log side effects, send caregiver help alerts, record smart voice memos, and more.


—

Neureka® Sleep wearables offer peace of mind for epilepsy patients during sleep, when SUDEP can strike.

Neureka® Sleep monitors health metrics at night, with instant caregiver alerts if sudden changes are detected. Insightful sleep summaries help people with epilepsy better manage their sleep and share critical information with their doctors. 

How it works


Data-driven care, 24/7

Neureka® improves outcomes with on-demand care & instant caregiver alerts.

Neureka® wearables collect 24/7 health and seizure data, while patients can conveniently manage their medications, side effects, sleep quality, and more using Neureka® apps.

All this critical data is seamlessly shared in real-time with patients' care teams.

Neureka® helps doctors make data-driven treatment plans, while instant caregiver alerts improve patient safety and wellbeing. 

Data from Neureka® also empowers a global community of researchers, clinicians, and mission-driven companies to uncover the cause of SUDEP and accelerate the development of new life-saving interventions.

Traction


10+ years of R&D
coming to market

Neureka® has accelerating market traction, with partnering US epilepsy centers and B2C revenue.

We have proud partnerships with leading institutions across the United States and Canada.


Customers


Developed with  the epilepsy community, for the epilepsy community


Patient testimonials




Partner testimonials


Business model


Data-centric
epilepsy care at scale

Neureka® targets $700M*+ in revenues, beginning with B2C sales, then scaling B2B with insurance & pharma.


  • B2C: Neureka® Sleep & automated seizure-detection devices sold directly to families. Offers at-home 24/7 monitoring
  • B2B: AI insights for health systems, to prioritize patients at highest risk of SUDEP 

  • B2B: Providing pharma & insurance with real-world data (RWD) to improve outcomes at lower cost

Market


$21B TAM

Neureka® targets a $21B TAM for epilepsy alone, with a $700M+ Serviceable Obtainable Market of refractory epilepsy patients in the US.

Competition


Unprecedented data collection with
FDA-cleared tech

Neureka® collects & analyzes an unprecedented amount of data using FDA-cleared seizure-detection & alerting wearables for at-home use. Neureka® accurately detects tonic-clonic seizures (TCS), which can lead to SUDEP.

Other seizure-detection wearables simply track changes in wrist motion that can indicate convulsive seizures, making them inconvenient and prone to false alerts.

Neureka® is different: our proprietary seizure-detection devices measure surface electromyography (sEMG) signals from biceps muscles, and are clinically validated with up to 100% accuracy.

Even better? Neureka® offers patients unmatched protection and peace of mind from SUDEP risk. Neureka® combines multiple modes of at-home AI-powered monitoring—including video, audio, sleep metrics, and medication data—to empower patients on a safer, faster journey to seizure freedom.

Vision and strategy


The future of epilepsy care

Neureka® collects an unprecedented amount of data and real-time insights. As Neureka® gains traction, our large datasets can be analyzed to someday solve the mystery of SUDEP and develop new life-saving interventions. The future of epilepsy care is data-centric at-home care, to alert patients and improve their safety & quality of life.


What's next?



The Neureka® market frontier


Neureka® is an extensible platform for multiple neurological conditions, including sleep disorders, migraine, and more.

Impact


Invest in a company that actually moves the needle

Neureka® has demonstrated lasting scalable change, with a potential to improve care for 200,000 patients and deliver $2.5B of healthcare cost savings in the US.

Third-party certified by ImpactableX

Funding


$4.5M raised

Founders


A passionate
team on a mission

We're leading a movement to raise the quality of life of people living with epilepsy, and improve treatment outcomes with more personalized care. 

We are driven to deliver “Neureka®!” moments to as many people as possible: that moment when people are able to focus on living their best life, without being defined by their condition.

We’re a passionate team of patient advocates, medical professionals, data analysts, and entrepreneurs—with deep expertise in digital health. 

Deal terms


Valuation cap

$25,000,000

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

Minimum investment

$150

The smallest investment amount that Neureka® for Epilepsy is accepting.
Learn more

Maximum investment

$250,000

The largest investment amount that Neureka® for Epilepsy is accepting.
Learn more

Funding goal

$1.24M

Neureka® for Epilepsy must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.24M.
Learn more

Deadline
Neureka® for Epilepsy 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

Nominee Lead

CEO of Novela Neurotechnologies, Inc. (Currently Rawy Iskander)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Novela Neurotechnologies, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Neureka® for Epilepsy Crowd SAFE Neureka Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Neureka® for Epilepsy.
Invest
$500
Receive
  • Neureka® coffee & tea mug
Invest
$1,000
Receive
  • Neureka® coffee & tea mug
  • Neureka® Sleep 10% discount for 1 year
Invest
$2,500
Receive
  • All of the above PLUS
  • Early access to Neureka® seizure-detection wearables
Invest
$5,000
Receive
  • All of the above PLUS
  • Feature on our website’s hall of fame
Invest
$10,000
Receive
  • All of the above PLUS
  • Your own personalized investor page on our website, with 10% discounts for your friends & family
Invest
$25,000
Receive
  • All of the above PLUS
  • Healthy lunch or dinner with our founder & CEO and an opportunity to meet the team
Invest
$50,000
Receive
  • All of the above PLUS
  • A vote in our roadmap and product development features
Invest
$100,000
Receive
  • All of the above PLUS
  • Lifetime 25% discount on all Neureka® products and services, shareable with friends & family
Invest
$250,000
Receive
  • All of the above PLUS
  • Invitation to attend & vote at our annual investor meeting

About Neureka® for Epilepsy

Legal Name
Novela Neurotechnologies, Inc.
Founded
Feb 2018
Form
California Corporation
Employees
2
Website
neureka.ai
Social Media
Headquarters
Google Map location of of Neureka® for Epilepsy
1101 Marina Village Parkway 201 , Alameda, CA
Headquarters
1101 Marina Village Parkway, 201, Alameda, CA, United States 94501

Neureka® for Epilepsy Team
Everyone helping build Neureka® for Epilepsy, not limited to employees

Profile picture of Ray Iskander
Ray Iskander
Founder
Profile picture of Parisa Sabetian, PhD
Parisa Sabetian, PhD
Chief Scientific Officer & Co-Founder
Profile picture of Kramay Patel, PhD
Kramay Patel, PhD
Chief Platform Officer
Profile picture of John Stern, MD
John Stern, MD
Chair, Scientific Advisory Board
Profile picture of Vikram Rao, MD, PhD
Vikram Rao, MD, PhD
Member, Scientific Advisory Board
5 more team members
Ray Iskander
Founder
Parisa Sabetian, PhD
Chief Scientific Officer & Co-Founder
Kramay Patel, PhD
Chief Platform Officer
John Stern, MD
Chair, Scientific Advisory Board
Vikram Rao, MD, PhD
Member, Scientific Advisory Board

Press

Ontario Brain Institute, Epilepsy Ottawa, Neureka® Partne...
EIN Presswire EIN Presswire
·
Feb 15, 2023

This study is remarkably impactful, showing that digital tools like Neureka can empower people living with epilepsy, and ...

Academy Medical Announces Distribution Agreement for Neur...
EIN News EIN News
·
Feb 8, 2023

WEST PALM BEACH, FLORIDA, USA, February 8, 2023 / EINPresswire.com/ -- Academy Medical Inc. announced this week that the ...

SUDEP Data Alliance Founded to Develop Life-Saving Interv...
EIN Presswire EIN Presswire
·
Dec 2, 2022

By crowdsourcing and analyzing large epilepsy data sets, the global research community can unite to help end the tragedy ...

Neureka® Sleep Provides At-Home Monitoring for Epilepsy P...
EIN Presswire
·
Jul 20, 2022

Now, I have much more peace of mind with Neureka® Sleep, which monitors for sudden changes in my body. I feel safer knowi...

Novela Neurotechnologies Acquires 510(k)-Cleared Seizure-...
EIN News
·
Jun 1, 2022

Brain Sentinel's technology revolutionized physicians' ability to identify convulsive seizures and has greatly impacted t...

Novela Neurotech Joins the 2021 UCSF Rosenman Innovators
EIN Presswire EIN Presswire
·
Jun 17, 2021

Novela is addressing important unmet patient needs in the chronic neurologic care space and has great market potential, w...

Logo of Neureka® for Epilepsy

Neureka® for Epilepsy

Neureka® for Epilepsy successfully raised $87,101 from 100 investors on April 16, 2023
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