PillBase: Startup from Vorarlberg successful 2 million at 2 minutes
PillBase in the pitch at 2 minutes 2 million! (c) Gerry Frank
Pitch: The Vorarlberg startup “PillBase” was looking for investors at “2 minutes 2 million” on pulse 4.
Claudio Errico and Simon Brei have developed the world’s first modular drug management system and ensure order in the personal pharmacy at home. PillBase not only consists of a dispenser for medicines for daily needs, but also has storage compartments. Emergency cards can also be attached to the sides. 30 percent for 200,000 euros The Vorarlbergers hoped at 2 minutes, 2 million to 200,000 euros for 30 percent of the company shares. A company valuation that most investors still considered too high, but three of them got into the deal. Martin Rohla offered 100,000 euros, Leo Hillinger raised to 110,000 euros and Katharina Schneider offered 100,000 euros plus her advertising power via MediaShop. An offer that the Vorarlberg founders could not refuse and thus could also win their desired investor.
Source: Vol.atTo the post