757 Collab Impact Report Web - Flipbook - Page 15
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OUR PROCESS!
Three Company Exits
Three companies that received angel investment funding, Major Clarity, xTuple, and
Embody, were successfully acquired by industry leaders this year.
X
Embody, a privately-held medical device company focused on soft tissue healing, was
acquired by Zimmer Biomet, a global medical technology leader, for $155 million at
closing and up to an additional $120 million subject to achieving future regulatory and
commercial milestones over a three year period.
FOUNDER SPOTLIGHT:
LUMINOAH
In March of 2020, Neal Piper founded a medical device company he called
Luminoah, named for his son and his experience during chemotherapy.
The Luminoah team made their first prototype in December 2021. Rather
than hanging on an IV pole, Luminoah’s device uses a motor to provide
nutrition, all at a size smaller than an iPhone in width and height. On top of
improving patients’ quality of life, Petersen says Luminoah’s metrics help
with quality of care thanks to its ability to accurately measure a patient’s
nutrition, hydration, and activity levels.*
Neal Piper
“I would highly encourage anyone looking to raise capital for a scaling
enterprise to pitch to 757 Angels. They have an incredible network of
highly collaborative and seasoned investors that will be there to support
you as you scale your company.” - Neal Piper, Founder
* Story Source: c-ville.com/toward-a-brighter-world
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