Patrick Trotter
Sheboygan, WI (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Cloud 9 Wellness
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Startup
Location:
Sheboygan
Industry:
Technology/Web
Year Founded:
2014
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
This investment opportunity regards health risk management (wellness that works) delivered through a SaaS business model all based on a mobile application. Cloud 9 was formed to deliver a pure SaaS model that will provide wellness program management software subscriptions to individual self-insured companies. The software will meet a fast growing but unmet need to internally self-manage health risk related behaviors of a company’s employee/spousal population to reduce health and workers comp related costs as well as improve productivity. This product will solve the current difficulty companies are having efficiently and effectively managing internal programs using various individually purchased components thus making it cumbersome to setup and difficult to monitor, manage and measure. The solution is a simple to setup and easy to use intuitive system all on one seamless platform with real time information and extensive management capabilities providing a flexible, adaptable solution set delivered through mobile technology. According to Gartner this industry will see revenues grow 65% from 2.2B to 3.3B from 2014-2018 but is a highly fragmented industry, mostly full service competing primarily on a regional level with the top 5 companies only accounting for 13% of the market. This provides an opportunity for a disruptive change in how wellness is sold, delivered, managed and financed. This company will be lead and managed by a seasoned executive team having many years of experience in the healthcare and wellness industries. The initial raise is for $1.2 million for 40% of the company. 300K has been raised so far and all key milestones have been met.