Mid-America Angels invests $287K in medical firm Voxello
February 20, 2017 | Meghan LeVota
The Kansas City-based Mid-America Angels investment group announced that it’s backing an Iowa-based medical device company.
The regional network of angel investors announced Monday that it invested $287,000 into Voxello. The company created the “noddle,” which allows hospitalized patients to communicate nonverbally. The device detects voluntary gestures — such as a tongue click, eye blink or another small movement — and gives patients the ability to contact a nurse.
Rick Vaughn, managing director of Mid-America Angels, said that the tech will help patients around the nation.
“Effective communication between patient and provider is critical to the delivery of safe, high-quality health care,” Vaughn said in a release. “Voxello is leading the way in assisting severely impaired patients to express their needs and wishes to caregivers. Mid-America Angels is excited to be coming aboard as an engaged partner.”
Voxello announced Monday that the U.S. Food and Drug Administration cleared the noddle to be safe and effective.
“Today 3.9 million hospitalized patients each year are unable to communicate through traditional means, which results in an estimated three billion dollars in preventable adverse events each year,” Voxello CEO Rives Bird said in a release. “At Voxello, our mission is to provide an effective and universal means to overcome communication barriers faced by hospitalized and long-term care patients. … “Voxello is very pleased to have Mid-America Angels as a partner. They offer more than just financing with their broad experience of entrepreneurial companies in the Midwest region. ”
The Mid-America Angels have already invested over $400,000 into regional second-stage companies this year. The organization celebrated 2016 as a record-breaking year in which it injected $3.6 million into 15 startups.
2017 Startups to Watch
stats here
Related Posts on Startland News
Techweek, Launch KC winners have shot at more money
The winning company at a demo day competition during Kansas City’s coming Techweek conference will earn a chance at nabbing significantly more dough. In addition to a $50,000 LaunchKC grant, the winning firm would have a shot at an added $50,000 from a national competition. LaunchKC — an initiative to attract 10 tech firms to relocate to Kansas…
KC coworking studios align to create cohesion, understanding
A cadre of Kansas City coworking studio leaders are working together to bring awareness to their trade through a new alliance. Twelve organizations thus far have banded together to collectively raise their profiles to attract more businesses, entrepreneurs and individuals to use the array of coworking studios in Kansas City. “Coworking is really starting to…
OneHQ launches hiring spree for anticipated growth
OneHQ, formerly NexusHQ, is beefing up its staff in anticipation of a projected revenue boom. The insurance and finance software company plans to add 13 employees — bringing its total headcount to 20 — in the next year as it anticipates more than doubling its annual revenue. The company reported revenue of more than $1 million…