Life Recovery Systems
Early Stage
Rapid Emergency Body Cooling System
Overview
Raised: $86,589
Total Commitments ($USD)
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
SEC Filing Type
RegCF
Price Per Share
$9.57
Pre-Money Valuation
$21,391,390
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/30/2018
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$375
# of Investors
85
Momentum
Funded
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Year Founded
2002
Industry
Healthcare & Pharmaceuticals
Tech Sector
Location
Alexandria, Louisiana
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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