Today’s Demo Day for the Sprint Accelerator, powered by Techstars, signals the graduation of our second class. These companies did a fantastic job during the past three months, making great progress with their businesses and engaging with the Kansas City community.
A few things stand out about this year’s companies. It’s a very diverse class, including four female CEOs. Seven of the 10 companies have hardware products, including a head impact sensor for youth sports, a smartphone breathalyzer, and a low cost, portable EKG. Perhaps best of all, eight of the 10 have revenue, several with at least mid six figures.
This is an extremely focused, hard-working group and I’m very excited to continue to support their success. Here’s a summary of their businesses and traction:
|Alcohoot enables mobile human condition monitoring. Their first product is a police-grade smartphone breathalyzer for consumer use. They’re soon launching the Intrepid breathalyzer platform for the police market. They have over $750,000 in revenue, over 11,000 device sales, partnerships with Heineken, Pernod Ricard and NYCFC of the MLS, and eight pilots with police departments and fleet companies.|
|HealthID is a medication adherence and health information management platform with connected wristband and card. Their product is sold in over 15,000 pharmacies including CVS Health, Walgreens, and Rite Aid. They’ve generated over $590,000 in revenue since September 2014. Since starting the accelerator, they signed 3 pilots for their adherence platform.|
|Hidrate makes beautiful connected products. Their smart water bottle and connected app remind you to stay hydrated. Their Kickstarter campaign exceeded its goal in less than a day and continues to gain momentum.|
|First Derm by iDoc24 provides the fastest and most convenient way to ask a board certified dermatologist about any skin concerns. They have over 100,000 app downloads, over 14,000 cases answered, recurring revenues, and have detected hundreds of dangerous skin lesions. Their partners include Thermo Fischer, 3Gen, large health information websites such as Healthline.com, and online pharmacies.|
|Jolt’s multi-sport head impact sensor and connected app provide athletes and their coaches with real time, actionable head impact data. They ran a successful Kickstarter campaign and are shipping product in June. They have a pilot study through Boston University and are in discussions with professional sports teams.|
|Melon Health’s mobile health platform helps people manage their health through peer support, access to clinicians and behavior change tools. Melon has generated over $1M in recurring revenue to date, and is advanced talks with major insurer for a paid pilot plus several other payers and providers.|
|Ovatemp’s Bluetooth thermometer and connected app provide the only personalized fertility management platform for women of all ages. They are now shipping thermometers and their free app is available in the App Store.|
|Oxie is the first smart, wearable air purifier enabling anyone in the world to breathe clean air and receive real-time air quality alerts. Their mobile sensors collect allergen and pollutant data that will form the world’s only comprehensive air quality database. They are currently in discussions with airlines to launch in the U.S. travel market.|
|Rex enables unprecedented access to animal health data and analytics for pharmaceutical companies and veterinary service providers. They have generated $500,000 of revenue in the past two months, and also have $20,000 monthly recurring revenue. They have paid pilots with major pharmaceutical companies and a pipeline of $1.2 million in contracts.|
|Triomi’s portable, low cost 12-lead EKG enables any physician to perform an EKG, anywhere in the world. They have signed their first medical device distributor with expected minimum revenue of $500,000 in our first year, and are on track to ship in the first half of 2016.|
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