PitchBook

Eccrine Systems Company Profile

Eccrine Systems, founded in 2013 and now out of business, developed a disposable electronic patch using sweat-based wearable sensors to monitor electrolytes and stress biomarkers for personalized pharmacotherapy, raised $21.3 million in funding before closing in 2020, and competed with companies like VitalConnect and Bigfoot Biomedical in the health monitoring wearable technology sector.

Overview

Eccrine Systems was founded in 2013 and is now out of business. The company developed a disposable electronic patch designed to measure electrolytes and stress levels. Their sweat technology tracked certain biomarkers through wearable sensors and detected whether people were dehydrated, sick, or if medications weren't working properly. This enabled drug prescribers to tailor pharmacotherapy on an individual basis.

  • Status: Out of Business
  • Employees: 50 (as of 2019)
  • Primary Industry: Monitoring Equipment
  • Verticals: Wearables & Quantified Self, TMT, HealthTech
  • Headquarters: 1775 Mentor Avenue, Third Floor, Cincinnati, OH 45212, United States
  • Website: www.eccrinesystems.com

Valuation & Funding

  • Total Funding Raised: $21.3M
  • Deal History:
    • Out of Business (26-Oct-2020)
    • Later Stage VC
    • Later Stage VC (Series B2) (17-Oct-2019)
    • Early Stage VC (Series B) (28-Jun-2018)
    • Early Stage VC (Series A3) (04-Oct-2016)
    • Debt - General (11-Jun-2015)
    • Early Stage VC (Series A2) (25-Feb-2015): $1.5M raised, $1.83M raised to date
    • Angel (individual): $330K raised

Cap Table (Selected)

  • Series A-2: 7,522,597 shares authorized, $0.000010 par value, 8% dividend rate, $0.27 original issue price, 1x liquidation preference, 14.85% owned
  • Series A-1: 3,684,809 shares authorized, $0.000010 par value, 8% dividend rate, $0.09 original issue price, 1x liquidation preference, 7.27% owned

Competitors

Eccrine Systems had several competitors in the wearable health monitoring space:

Patents

  • Total Documents (Applications and Grants): 107
  • Total Patent Families: Not specified
  • Granted: 3
  • Pending: Not specified
  • Expiring in next 12 months: Not specified

Recent Patent Activity (Selected)

  • WO-2020132450-A1: Devices for biofluid sample concentration (Inactive, 21-Dec-2018)
  • WO-2020061552-A1: Biofluid sensing devices with integrated charge separation buffering (Inactive, 21-Sep-2018)
  • WO-2020023954-A1: Devices and methods for medication monitoring (Inactive, 27-Jul-2018)
  • WO-2019213508-A1: Integrated devices to continuously measure bound and unbound analyte fractions in biofluids (Inactive, 04-May-2018)
  • WO-2019210240-A1: Flexible sweat sample collection and sensing devices (Inactive, 27-Apr-2018, A61B5/14517)

FAQs

When was Eccrine Systems founded?

Eccrine Systems was founded in 2013.

Where is Eccrine Systems headquartered?

Eccrine Systems is headquartered in Cincinnati, OH.

What is the size of Eccrine Systems?

Eccrine Systems had 50 total employees.

What industry is Eccrine Systems in?

Eccrine Systems’s primary industry was Monitoring Equipment.

Is Eccrine Systems a private or public company?

Eccrine Systems was a private company.

What is Eccrine Systems’s current revenue?

The current revenue for Eccrine Systems is not specified.

How much funding has Eccrine Systems raised over time?

Eccrine Systems raised $21.3M.

Who are Eccrine Systems’s competitors?

VitalConnect, Bigfoot Biomedical, Aidar Health, AliveCor, and BodiMetrics are competitors of Eccrine Systems.