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Heat2Move

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May 8, 2024
Data is self reported
Heat2Move is introducing AnalgesiX Blue®, a non-invasive, non-addictive phototherapy device to effectively treat chronic back pain using blue and infrared light technology.

Achievement

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Founded in

2022

Country

Netherlands

Industry

Health, MedTech, Sports

Patent information

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Team

Number of founders

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Number of employees

Founder backgrounds

Exit experience

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Relevant industry experience

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Previous startup experience

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EUR / Erasmus MC or TUDelft relation

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Graduation year from EUR, Erasmus MC or TUDelft

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In the news

Investment details

Amount raising

700000

Ownership founders

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Lead investor

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Current investors

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Intended closing date

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Fundraising status

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Already committed

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Revenue Metrics

Paying customers

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Monthly active users

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Heat2Move

Direct Message
Download Pitch Deck
May 8, 2024
Data is self reported
Heat2Move is introducing AnalgesiX Blue®, a non-invasive, non-addictive phototherapy device to effectively treat chronic back pain using blue and infrared light technology.

Achievement

One of our paramount achievements has been securing the proprietary technology and patents for AnalgesiX Blue® following Philips' initial clinical trial. Despite the trial’s success in demonstrating the device’s efficacy, Philips did not publish the results. We are rectifying this by preparing to publish the data in a peer-reviewed journal, providing a robust foundation for the device’s mechanism of action and effectiveness as part of our strategic product launch. In addition, we've successfully cultivated substantial support, with over 20 Key Opinion Leaders (KOLs) endorsing our product. This advocacy represents a collective vote of confidence from esteemed professionals in the field of pain management, demonstrating the demand and trust in our innovation. These steps underscore our proactive approach to leveraging existing clinical data and enhancing our market presence by ensuring the scientific community and potential customers are well-informed about the benefits and capabilities of AnalgesiX Blue®. This, combined with our strategic partnerships and growing interest from both patients and clinicians, sets a strong precedent for our company's dedication to transforming the management of chronic lower back pain.

Founded in

2022

Country

Netherlands

Province

Noord-Holland

Industry

Health, MedTech, Sports

SDGs

Good health and well-being (SDG #3), "Industry, innovation and infrastructure (SDG #9)", Reduced inequalities (SDG #10), Responsible consumption and production (SDG #12), Partnerships for the goals (SDG #17)

Patent information

Yes, 2 patent families with a total of 20 documents that relate to the blue phototherapy device

Team

Number of founders

4

Number of employees

Founder backgrounds

Exit experience

Yes

Relevant industry experience

Yes

Previous startup experience

Yes

Female founder

Yes

EUR / Erasmus MC or TUDelft relation

Graduation year from EUR, Erasmus MC or TUDelft

In the news

Investment details

Amount raising

700000

Ownership founders

50-59% owned by founders

Lead investor

Yes, we do have a lead investor, NLC Health Ventures, which is a health tech venture builder. They not only provide foundational support for startups but also actively participate in the expansion and development of healthcare innovations. NLC Health Ventures is known for their involvement from the early stages of medical startups, often contributing with both financial backing and strategic resources beyond mere capital investment. Their approach is geared towards supporting ventures that show the potential for significant patient impact and commercial viability, and they have a track record of raising considerable funds to fuel these objectives

Current investors

In our past funding efforts, we've successfully raised a total of €320,000. This amount includes: • A €100,000 stepping-stone fund in the form of a convertible loan from NLC Health Ventures • A €150,000 Rabo Innovation Loan (non-dilutive) • The remaining €70,000 came from investments by the founders themselves

Intended closing date

Q3 2024

Fundraising status

Actively fundraising (brand name visible)

Already committed

€350000

Revenue Metrics

Monthly revenue

pre-revenue

Monthly growth

not growing

Paying customers

0

Monthly active users

0
Heat2Move is introducing AnalgesiX Blue®, a non-invasive, non-addictive phototherapy device to effectively treat chronic back pain using blue and infrared light technology.
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Premium Details Available

(Data is self reported)

FINANCIAL PERFORMANCE

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INVESTMENTS

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When are you aiming to close this round?
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TEAM

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Is there a founder with previous co-founder / c-level at startup experience?
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Is there a founder with previous Sector Experience?
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Is there a founder with previous Exit Experience?
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What percentage of company is owned by founders?
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Is there a women founder with at least 5% of the shares?
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Is there a founder with a EUR / Erasmus MC or TUDelft relation?
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Graduation year from EUR, Erasmus MC or TUDelft
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OTHER

Year founded
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Premium Details

(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue
pre-revenue
Growth rate month over month
not growing
Monthly revenue context
Number of paying customers
0
Monthly active users
0

INVESTMENTS

Do you have a lead investor?
Yes, we do have a lead investor, NLC Health Ventures, which is a health tech venture builder. They not only provide foundational support for startups but also actively participate in the expansion and development of healthcare innovations. NLC Health Ventures is known for their involvement from the early stages of medical startups, often contributing with both financial backing and strategic resources beyond mere capital investment. Their approach is geared towards supporting ventures that show the potential for significant patient impact and commercial viability, and they have a track record of raising considerable funds to fuel these objectives
How much have you raised in the past?
In our past funding efforts, we've successfully raised a total of €320,000. This amount includes: • A €100,000 stepping-stone fund in the form of a convertible loan from NLC Health Ventures • A €150,000 Rabo Innovation Loan (non-dilutive) • The remaining €70,000 came from investments by the founders themselves
How much of this round already committed?
€350000
When are you aiming to close this round?
Q3 2024

TEAM

How much time do the founders spend on the business?
Is there a founder with previous co-founder / c-level at startup experience?
Yes
Is there a founder with previous Sector Experience?
Yes
Is there a founder with previous Exit Experience?
Yes
What percentage of company is owned by founders?
50-59% owned by founders
Is there a women founder with at least 5% of the shares?
Yes
Is there a founder with a EUR / Erasmus MC or TUDelft relation?
None of these
Graduation year from EUR, Erasmus MC or TUDelft

OTHER

Year founded
2022
Patent status
Yes, 2 patent families with a total of 20 documents that relate to the blue phototherapy device

Basic details

Amount raising
700000
Country
Netherlands
Industry
Health, MedTech, Sports
Founders
linkedin profile of founderlinkedin profile of founderlinkedin profile of founder
Last updated:
May 8, 2024

Key Achievements

  • One of our paramount achievements has been securing the proprietary technology and patents for AnalgesiX Blue® following Philips' initial clinical trial. Despite the trial’s success in demonstrating the device’s efficacy, Philips did not publish the results. We are rectifying this by preparing to publish the data in a peer-reviewed journal, providing a robust foundation for the device’s mechanism of action and effectiveness as part of our strategic product launch. In addition, we've successfully cultivated substantial support, with over 20 Key Opinion Leaders (KOLs) endorsing our product. This advocacy represents a collective vote of confidence from esteemed professionals in the field of pain management, demonstrating the demand and trust in our innovation. These steps underscore our proactive approach to leveraging existing clinical data and enhancing our market presence by ensuring the scientific community and potential customers are well-informed about the benefits and capabilities of AnalgesiX Blue®. This, combined with our strategic partnerships and growing interest from both patients and clinicians, sets a strong precedent for our company's dedication to transforming the management of chronic lower back pain.

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