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Eva Medtec

creator of Neuroglide, a system of automated therapy devices which provide effective, convenient, and sustainable pain management

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One Liner
creator of Neuroglide, a system of automated therapy devices which provide effective, convenient, and sustainable pain management

What Problem We are Solving

Problem
Pain and circulation, sleep/recovery/anxiety

About Us

About Us
Eva Medtec develops and markets a novel FDA-cleared medical device. The Neuroglide is a new gateway to reduce pain by removing cellular inflammatory waste from soft tissues via lymphatic circulation by using automated MLD therapy.

Venture Highlights

Highlights
Eva Medtec has received FDA clearance for pain and circulation as a Class II OTC medical device.  The company has been issued two utility patents with 2 patents in continuation the will become utility patents in the near term.  Eva Medtec has brought on its Medical Director Dr. Mark Melin who is a vascular surgeon and the the head of Vascular at the May Clinic.  The Company has sold over 110 devices.  Finally Eva Medtec in in the process of conducting a NIRFLI study at the University of Texas-Houston.

Business Model

Business Model
Revenue streams from sales managers/distributors includes the following: Workers’ Comp (46%), Veterans Administration (38%), Physicians, MLD clinics, and Patient Referrals (8%), and VP of D2C Sales/Marketing (8%). 


Competitive Advantage

Quote
Convenient, affordable, in-clinic, and at-home medical device solution for alleviating pain and enhancing wellbeing by removing inflammatory cellular waste. It’s the only patented back/neck automated Manual Lymphatic Drainage (MLD) therapy available to improve quality of life by feeling the unique power to relax, relieve pain and recover. Workers’ Comp reimbursement success.  Eva Medtec owns the truck which is essential to manual lymphatic drainage.

Revenue

Revenue To Date
$120K
MRR
$25K
Revenue YTD
N/A
Burn Rate
$20K

Users

Total Users
N/A
Total Users (Past 30 Days)
25
Daily Active Users
N/A
Monthly Active Users
N/A
Total Paying Users
N/A
MoM Growth Users
N/A
Organic Traffic %
N/A

Customer Costs

CAC
N/A
LTV
N/A
Churn
N/A
Margins
90%

Go-To Market Strategy

Business Strategy
Target Markets: Workers’ Compensation, Veterans Administration, Direct to Physician-Consumer.  Initial Market Penetration Strategy: NIRFLI Imaging, scientific publications, sales managers, and distributors. Channel/Partners: Workers Compensation Third Party Administrators, Veterans Administration Billers, Physicians, MLD Therapy Clinics. Direct to Consumers: VP of DTC Physician Generated Sales/Marketing.

Competitive Analysis

Competitive Analysys
Convenient, affordable, in-clinic, and at-home medical device solution for alleviating pain and enhancing wellbeing by removing inflammatory cellular waste. It’s the only patented back/neck automated Manual Lymphatic Drainage (MLD) therapy available to improve quality of life by feeling the unique power to relax, relieve pain and recover. Workers’ Comp reimbursement success.  Eva Medtec owns the trunk as we are the only compression device that focuses on the back and neck.
Competitor Website
Normatec hyperice.com
Koya Medical www.koyamedical.com
Tactile tactilemedical.com

Networking

Networking
We are open to meeting up to grab a coffee, or just to chat. We would really enjoy your feedback and insight into our venture and would be happy to discuss anything that you are currently working on to see if we can be of service!

DEI

Number of Founders
1
Gender
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First-Generation College Student(s)
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Veterans
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Ethnicity
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Share

Capital

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Name Amount
Amount Left $2,800,000.00
Amount Raised (This Round) $200,000.00
Amount Raise To Date $3.9M
Investment Type N/A
Type of Raise Equity

Valuation
$11M
Friends & Family
$1.7M
Preseed
$2.2M

TAM SAM SOM

TAM
$88B
SAM
$9B
SOM
$44M

Business Stage

Business Stage
Paying Customers

Business Type

Business Types
Venture Capital Backed, Investor-Backed

Categories

E-Commerce
Healthcare

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Last Updated: 04/28/23