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Tombot isn't accepting new investments

Tombot’s deadline was March 25, 2023

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Tombot

Robotic dog to help millions struggling daily with dementia, autism + depression
Wellness Healthtech Robotics
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Featured image of Tombot
$252,580
Raised
300
Investors
Successfully funded and closed on March 25, 2023.
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Pitch Updates 23 Reviews 39
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Closed on March 25, 2023. Information may not be up-to-date. Campaign closed on March 25, 2023. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Impact Funding Founders Summary
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Tombot, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Tombot Crowd SAFE Tombot- Amendment to the Crowd SAFE.pdf Tombot Form C.pdf
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Hear from some of the 300 people reserved or invested in Tombot


Show more

Highlights


$1M+ raised
Company has previously raised over $1M in capital
Power Founders
Founders previously exited or operated a large business
Venture-backed
Company is backed by a venture capital firm
  • Animatronic artistry by Jim Henson’s Creature Shop (creator of The Muppets)
  • Scientifically engineered to treat symptoms of mental illness
  • Aims to be the first robotic animal FDA device/health monitoring platform
  • A TIME Magazine “Best Invention” of 2020
  • 1 billion people worldwide with serious mental health adversities
  • Initial clinical and marketing focus: older persons with dementia
  • $4.6M already raised from investors

Problem


Of the 55 million people worldwide with dementia, most suffer from loneliness, apathy, depression, hallucinations, or chronic pain. Doctors frequently prescribe psychotropic and opioid medications, but severe side effects reduce quality of life and increase risk of death.


Animal companionship has been shown to improve quality of life for nursing home residents and elders with dementia, but many seniors are unable to care for a live animal.  

Solution


Research shows that interacting with a robotic animal reduces negative emotional and behavioral symptoms, improves social engagement, and promotes positive mood and quality of care experiences. This in turn reduces the need for psychotropic and pain medications.

Based on this knowledge, along with a deeply personal desire to revolutionize dementia care, we at Tombot set out to create a safe robotic animal companion for those with mental health adversities. Collaborating with Jim Henson’s Creature Shop (of Muppets and Dark Crystal fame), we harnessed Hollywood magic to bring our invention to life. 

Product


Tombot’s high-tech therapy robot Jennie is a masterful combination of art, science, and engineering. Engaging with Jennie provides joy, comfort, companionship, and a sense of security in the midst of destabilizing illness. Jennie is designed to alleviate the behavioral and psychological symptoms of dementia, including Sundowning Syndrome—a state of confusion common in dementia patients.

Rather than the looped programmed behavior you see in theme park animatronics, Jennie is uniquely interactive and autonomous, with patent-pending behaviors that closely mimic a real puppy.

Traction


Jennie’s therapeutic potential has been met with incredible excitement. Almost all of Tombot’s pre-order and waitlist customers discovered us through our 300+ national and international media features. Tombot’s customer waitlist grows daily, 7 days a week. What’s more, despite virtually no marketing effort by Tombot, over 30% of our customers have pre-ordered or waitlisted Jennie as a solution for autism, depression, anxiety, PTSD, and developmental and physical disabilities.

We are now at Alpha I pre-production engineering phase and are preparing manufacturing to fulfill our large customer backlog. In the meantime, we continue to field interest from hospitals, assisted living and behavioral health facilities, individuals, caregivers, and health care professionals worldwide who wish to revolutionize mental health care.

Customers


Our organic traction comes from Tombot’s well-validated market research. Simply put, customers want robotic animals that look, feel, and behave like real animals, not toys. Our findings explain the magnitude of our pre-orders: patients, caregivers, and medical professionals are desperate for a non-pharmacological solution for treating mental health adversities. 

Business model


Tombot’s dual B2C & B2B2C business model reflects our multi-pronged value proposition. By leveraging different sales channels and partners, we are maximizing our access to customers and markets while growing global brand recognition.

Market


Tombot will concentrate initial marketing efforts on dementia patients in the U.S. 

With over 2,500 pre-order and waitlist customers, the market potential for our robotic companion animals includes international expansion and treatment for other mental health conditions. Tombot projects shipping more than 200,000 robots by the end of 2026.

*Click here for important information regarding Financial Projections which are not guaranteed.

Competition


Created to address a large market gap, Jennie is realistic, appealing, and affordably priced. Future models intend to expand upon the first-in-class remote health and safety monitoring via sophisticated sensors and upgradeable software. 

Tombot anticipates our patent-pending IP will be protected by FDA regulation as a medical device, and ultimately attain public and private health insurance reimbursements.

Vision and strategy


Expanded Product Line and Bottom Line Growth

Our mission is to transform the lives of the one billion people worldwide who face serious mental health adversities. As we finalize the production and fulfillment of the first Jennie orders, we’re raising capital to:

  • Increase engineering staff and complete contract engineering

  • Finalize contracting with a manufacturing partner 

  • Perform Alpha and Beta product testing and certifications 

  • Fulfill the first 2,500 customer orders

  • Achieve $60M in pre-money Series A valuation to scale the business and begin development on our next products

*Click here for important information regarding Financial Projections which are not guaranteed.

Impact


To the rising number of seniors and other people struggling with depression, anxiety, pain, or overmedication: we want to help.

Tombot is a social impact company. Our mission is to help underserved individuals, families, and communities facing mental health challenges.

Funding


Jennie has caught the eye of several prominent institutional investors, and we’ve already raised significant funds from angels, VCs, corporate VC, and family offices.

*4.6M raised as of 9/8/22

Founders


After building and successfully exiting one of the world's largest litigation automation companies, Tombot founder Tom Stevens and his team saw an opportunity to form a new venture with deep personal meaning. Tom’s journey caring for his mother through her Alzheimer’s decline—an experience shared by millions of families and caregivers—showed him how robotic animals can make a difference in dementia care.

With a diverse team of designers, puppeteers, and engineers, Tom launched Tombot to serve the millions of people with mental health problems who cannot safely or practically care for live animal companions.

Summary


Providing the mental health benefits of animal companionship to the millions who cannot safely or practically care for live animals.

Deal terms


Valuation cap
$17.5M
The maximum valuation at which your investment converts into equity shares or cash.
Learn more.
Funding goal
$25K / $500K
100% of $25K minimum offering amount has been reached.

Tombot needs to raise $25K before the deadline. The maximum amount Tombot is willing to raise is $500K.
Learn more
Security type
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
Deadline
March 25, 2023
Tombot needs to reach their minimum funding goal before the deadline (). If they don’t, all investments will be refunded.
Learn more
Minimum investment
$249
The smallest investment amount that Tombot is accepting.
Learn more
Nominee Lead
Chief Executive Officer of Tombot, Inc. (Currently Thomas Stevens)
Logo of Tombot
Tombot
Robotic dog to help millions struggling daily with dementia, autism + depression
Raised amount Valuation cap
0 — $200,000 $14.75M
$200,000.01 — $500,000 $17.5M
Close
How it works

Documents

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

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Tombot.
Invest
$249
Receive
  • Priority Waitlist (after Kickstarter & Front of the Line Passes)
  • Annual Investor Call
Invest
$1,000
Receive
  • Front of the Waitlist Line Pass
  • Annual Investor Call
Invest
$2,500
Receive
  • Front of the Waitlist Line Pass
  • Recognition on Tombot Investor Page
  • Exclusive Semi-Annual Investor Call & Q&A
Invest
$5,000
Receive
  • Front of the Waitlist Line Pass
  • Recognition on Tombot Investor Page
  • Exclusive Semi-Annual Investor Call & Q&A
  • Exclusive Major Investor Newsletter
Invest
$10,000
Receive
  • Front of the Waitlist Line
  • Recognition on Tombot Investor Page
  • Exclusive Semi-Annual Investor Call & Q&A
  • Exclusive Major Investor Newsletter
  • Dinner and Private Tour of Tombot Robotics Lab
  • Invitations to Tombot Major Investor Events

About Tombot

Legal Name
Tombot, Inc.
Founded
Oct 2017
Form
Delaware Corporation
Employees
5
Website
tombot.com
Social Media
Headquarters
Google Map location of of Tombot
19197 Golden Valley Road #638 , Santa Clarita, CA
Headquarters
19197 Golden Valley Road, #638, Santa Clarita, CA, United States 91387

Tombot Team
Everyone helping build Tombot, not limited to employees

Profile picture of Tom Stevens
Tom Stevens
CEO & Founder
Profile picture of Hank  Schorz
Hank Schorz
CTO
Profile picture of Jesse Schorz
Jesse Schorz
COO
Tom Stevens
CEO & Founder
Hank Schorz
CTO
Jesse Schorz
COO

Press

BBC News Team Meets Jennie
YouTube
·
Feb 13, 2020

BBC news team checks out Jennie, the robotic dog that's helping to transform the lives of dementia patients in the USA.

'Man's Best Friend' is a Robot Dog to Some With Dementia
U.S.
·
Jul 3, 2019

A robot dog under development in California is vying to be a best friend to people with Alzheimer's disease.

Will Robots Ever Be Better Caretakers Than Humans?
Fast Company
·
May 27, 2019

A growing industry is betting on it.

This New Robotic Dog Provides Companionship to Elders
Oprah Daily Oprah Daily
·
Apr 26, 2019

Tombot Puppy's newest design is a prototype robotic dog name Jennie.

Robotic Dog "Jenny" Helping Dementia Patients
cbs8.com
·
Apr 25, 2019

Residents from St. Paul's Plaza met Jenny - a robotic dog. SAN DIEGO - Nearly 50 million people live with dementia.

Why Robotic Pets May Be the Next Big Thing in Dementia Care
NBC News
·
Apr 3, 2019

Jennie has big brown eyes, soft golden fur and a tail that won't stop wagging. But Jennie's not a dog.

Yahoo! Finance Features Jennie
Yahoo
·
Mar 19, 2019

Jennie has been designed to relieve loneliness, reduce anxiety, and provide people with a subject of emotional attachment

We Need to Talk About this Robo-Dog Companion
Gizmodo
·
Mar 18, 2019

A company called Tombot thinks it's come up with a way to improve the quality of life for seniors.

Show all
Logo of Tombot

Tombot

Tombot successfully raised $252,580 from 300 investors on March 25, 2023
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Kenneth, Bryant, Ayodele, Yolanda Merced, Domenick, and 295 others invested. 39 Reviews
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