Our client are looking to raise £12m in Series A in order to allow them to expand their product range and roll out the product globally. Here are some of their highlights:
- Three Minimum Viable Products already out on the market, a fourth product already in manufacture and will start selling in Q1 of 2021.
- Signed distribution contracts with large North American and Middle Eastern distributors.
- Multiple Go-To-Market strategies including Direct to Consumer (DTC), Wholesale/Distribution agreements led by 2 Sales VPs who are veterans of the med-tech and consumer electronics industry.
- Segmented target markets of Medical Professionals, Animal health, Women’s health, sports, etc.
- Recurring revenue through the app subscription model.