This is the Emocha pitch deck to raise a $6.1m grant round in 2021.
About
Emocha enables every patient to take every dose of medication through video technology and scalable human engagement. Patients use a smartphone application to video record themselves taking their medication. Providers or emocha Adherence Coaches use a secure web portal to assess adherence and engage with patients. The platform is being used by public health departments, clinical trials, hospitals, health centers, and managed care organizations to radically improve medication adherence for patients with tuberculosis, opioid use disorder, hepatitis C, diabetes, and other chronic and infectious diseases.
Emocha is available in more than 20 languages, works offline, and is asynchronous. It provides customizable reports to the care team and provider that provide a summary of adherence and other unique insights gleaned from daily video submissions. An NIH-funded study conducted by Johns Hopkins found that emocha helped patients achieve an average of 94 percent medication adherence.
Spun out of John Hopkins University, which has been instrumental in tracking the COVID-19 pandemic globally, Emocha is working to disrupt a burgeoning global health tech industry, which is forecast to be worth more than $500 billion by 2025.
There are some kinds of medication which, by law, doctors need to observe their patients taking. Emocha saves them time and effort by providing a platform on which patients privately share videos of themselves taking their meds.
For example, there were more than 8,000 liver transplants in the US in 2019, according to the United Network for Organ Sharing. But research suggests more than a quarter of transplant patients fail to continue taking their post-op meds, resulting in serious complications down the line.
Funding Rounds
Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
May 18, 2021 | Series A – Emocha Health | 5 | $6.2M | Claritas Health Ventures |
Jan 26, 2021 | Grant – Emocha Health | 1 | $6.1M | National Institutes of Health |
Aug 31, 2018 | Grant – Emocha Health | 1 | $1M |
National Institute on Minority Health and Health Disparities
|
Jun 29, 2017 | Seed Round – Emocha Health | 5 | $1M | TCP Venture Capital |
Aug 6, 2015 | Seed Round – Emocha Health | 4 | $500K | — |
Jul 23, 2014 | Seed Round – Emocha Health | 1 | $100K | — |
Jan 10, 2014 | Seed Round – Emocha Health | 1 | $50K | — |
Pitch Deck Review Summary
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Deck Collection
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