Founder Details

Biocanic, Inc.
Company name
Biocanic, Inc.
Company website
Industry
AI/ML/Big Data
Location
United States
Developmental Stage
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Approx Revenue for current Year
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Type of funding
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Pre-money Valuation (USD)
*********
Type of offering
*********
Amount of Capital seeking in current round (USD)
*********
Previous capital raised (USD)
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Monthly Burn rate (USD)
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Company description

Biocanic is a HIPAA compliant Software as a Service (SaaS) integrative health and medicine platform (also known as "functional medicine") designed to simplify personalized health plans into an easy-to-understand language for both practitioners and their clients. Biocanic digitizes all aspects of health improvement plans to build a machine learning ... Read more

Product/service description

Integrative Medicine (aka Functional Medicine) programs are complex, overwhelming, and not scalable for practitioners and their patients. With Biocanic's cloud-based SaaS platform, we streamline, automate, and digitize all aspects of personalized integrative health programs, which drives better efficiencies, scale and outcomes for our practitioners...

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Commentary

  • Problem and solution

    Integrative Medicine (aka Functional Medicine) programs are complex, overwhelming, and not...

  • Team

    Andy Sullivan - CTO More than 20 years of software experience and 10+ years of experience...

  • Market (TAM)

    The integrative health market size is now over $55B and the market is forecasted to grow a...

  • Competition

    Heads Up Rupa Health YourCoach.health Sofia Health

  • Progress in the Business
  • Customer Acquisition

    We sell directly to functional and integrative medicine practitioners. We acquire most of ...

  • Intellectual Property

    We currently protect our IP under trade secret. We are in active conversations with legal ...

  • Partnerships/JV/Agreements

    - Functional Diagnostic Nutrition - Institute for Nutritional Endocrinology - Fullscrip...

  • Financials

    MRR = $3,500 growing at 10-20% month on month Gross Margin = >90% Monthly burn = $7,000

  • Financing Rounds

    Friends and Family - 2019, $309,000 Seed - In progress - $150,000 to $1,000,000 goal

  • Risks

    Market – The integrative and functional health space does not continue its double digit gr...

  • Exit Strategy

    There are a number of exit options, however an acquisition by an employer based digital he...

Jeremy Malecha
CEO
Website in