Nanodropper
Latest round
- Seed
Last raised
- Apr 2021
Total raised
- $1.4M
Investors
- 4
About Nanodropper
Founded in 2018, Nanodropper, Inc. creates devices that enhance the administration of eye medications.Nanodropper specializes in a unique product designed to optimize the delivery of prescription eye medications. Their core offering is the Nanodropper, an FDA-listed volume-reducing adaptor that attaches to standard eyedrop bottles, effectively decreasing the drop size by over 60%. This innovation addresses a significant issue faced by patients: the excessive wastage of medication due to traditional eyedrop bottles, which dispense five times the liquid the eye can absorb, resulting in up to 80% of each drop being wasted. By providing smaller, more effective drops that remain in the eye, the Nanodropper aims to enhance patient compliance, reduce side effects, and ultimately lower the cost of eye care. The company targets a wide range of customers, including individuals suffering from glaucoma and other ocular conditions, as well as veterinary patients.Nanodropper generates revenue through direct sales of its flagship product, the Nanodropper adaptor, which is marketed to both healthcare professionals and end consumers. The company's transaction structure is primarily B2C, selling directly to patients via their website, while also establishing partnerships with healthcare providers and clinics. Customers can purchase the adaptor in two sizes that fit most eyecare bottles, enhancing accessibility and usability. Pricing information for the Nanodropper and associated products has not been disclosed, but the company's strategy focuses on providing cost-effective solutions to eye medication management, thereby appealing to individuals on fixed incomes and those looking to minimize healthcare expenses.4 mn to enhance product development and expand its market presence. The company is focusing on the design and launch of additional products that improve medication administration, aiming for rollouts in the coming years. Additionally, Nanodropper targets expansion into international markets to broaden its reach and customer base. The specific regions and timelines for these expansions have not been disclosed, but the company is committed to improving access to its innovative solutions globally.
Who invested in Nanodropper
4 investors across 1 round
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Funding rounds
Seed
Apr 19, 2021
Amount
$1.4M
Investors
Questions about Nanodropper
Who invested in Nanodropper?
Nanodropper has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Nanodropper raised?
Nanodropper has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Nanodropper last raise money?
Nanodropper's most recent round on record is a Seed, in Apr 2021.
What does Nanodropper do?
Founded in 2018, Nanodropper, Inc.
Where is Nanodropper headquartered?
Nanodropper is headquartered in US.
Which VCs invest in companies like Nanodropper?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back medical devices & equipment companies at Nanodropper's stage. Their profiles are linked below.
VCs backing medical devices & equipment startups at Seed
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