Life Recovery Systems

Early Stage

Rapid Emergency Body Cooling System

Analytics

Raised to Date: Raised: $86,589

Aggregate Commitments $

Platform

StartEngine

Start Date

03/16/2018

Close Date

11/02/2018

Min. Goal

$9,990

Max. Goal

$107,000

Min. Investment

$498

Security Type

Equity - Common

Funding Type

RegCF

Pre-Money Valuation

$21,391,390

Rolling Commitments $

Status
Funded
Reporting Date

11/30/2018

Days Remaining
Funded
% of Min. Goal

867%

% of Max. Goal

81%

Likelihood of Max
Funded
Avg. Daily Raise

$375

# of Investors

85

Momentum
Funded
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Location

Alexandria, Louisiana

Industry

Healthcare & Pharmaceuticals

Tech Sector

Life Recovery Systems has created a device that’s truly living up to their name. Called the ThermoSuit System, it helps save patients from brain damage, or even death, when they are overheating. The device is noninvasive, nurse-deployable, and brings the patient’s body temperature down to healthy levels in 30 minutes or less. About 2,000 patients have been treated with the ThermoSuit system, and studies show that using the device provided a shortened hospital stay and a reduced cost of care for patients. So far, Life Recovery Systems has raised $13 million in angel funding and garnered $1.3 million in National Institute of Health grants. With this campaign, they plan to fund additional clinical studies, develop ThermoSuits for children and very large patients, and expand ThermoSuit’s usage overall.
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Life Recovery Systems on StartEngine
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $21,391,390

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