# Tivic Health Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tivic-health-systems

- Industry: Medical Devices & Equipment
- Headquarters: Newark, US
- Website: www.tivichealth.com
- Total disclosed funding: $9.1M
- Latest round: Seed (Jul 23, 2019)
- Investors on record: 9

## About

Based in the US, Tivic Health Systems Inc. specializes in bioelectronic therapies aimed at providing relief from sinus pain and congestion through innovative device technology.Tivic Health Systems Inc. is focused on developing bioelectronic solutions for sinus-related issues. Founded in 2016 in Newark, US by Jennifer Ernst and John Claude, the company has completed a total of 6 deals. In November 2021, Tivic Health raised USD 15.00 mn in an IPO, which was the total amount raised. Jennifer Ernst serves as CEO. The firm operates primarily in the US market, targeting consumers with sinus and allergy issues.Tivic Health's primary product is the ClearUP® device, an FDA-approved bioelectronic technology designed for the relief of sinus pain, congestion, and associated symptoms. This drug-free solution utilizes microcurrent therapy to target and alleviate inflammation by gently gliding the device along the facial areas such as the cheeks, nose, and under the eyebrows. The device is intended for users experiencing sinus-related issues, including pain from allergies, colds, and flu. ClearUP® has been proven effective in clinical trials, with many users reporting significant relief from congestion and pain. The company serves a diverse customer base, which includes individual consumers and potentially healthcare providers looking for innovative treatment options for patients. Tivic Health distributes its products primarily within the United States, focusing on urban areas with high populations affected by allergies and sinus conditions.Tivic Health generates revenue through direct-to-consumer sales of its ClearUP® device, priced at USD 199.99, along with accessory items such as replacement chargers and travel cases. The company offers a 90-day free trial to encourage adoption, allowing customers to return the device if they are unsatisfied with the results. This structure aims to build consumer trust and enhance customer engagement. Sales transactions typically occur through the company's online platform, where customers can place orders directly. The firm may also explore partnerships with healthcare providers and retailers to broaden its reach. Overall, revenue is primarily driven by individual sales of its flagship product, ClearUP®, which is complemented by ancillary products designed to enhance the user experience.In November 2021, Tivic Health Systems Inc. raised USD 15.00 mn in an IPO, selling 3 million shares at USD 5 per share on the NASDAQ. The company will utilize this funding for the marketing of its first product, ClearUP® Sinus Pain Relief. Future plans include the introduction of additional products designed to address various health issues, although specific product launch dates have not been disclosed. Tivic Health is also looking to expand its market presence beyond the US, targeting regions with high demand for sinus relief solutions. The company aims to increase its footprint in both domestic and international markets over the next few years.

## Funding rounds

- Seed, Jul 23, 2019, $8M — Golden Seeds, Sierra Angels, Sand Hill Angels, Harvard Business School Alumni Angels, Astia Angels, Lateral Frontiers, Taihill Venture
- Seed, Mar 1, 2018 — Portfolia
- Angel, Sep 1, 2017, $1.1M — Sierra Angels, Sand Hill Angels, Astia Angels, Portfolia, Taihill Venture, Latimer Light Capital

## Investors

- Sierra Angels — Angel, Seed
- Sand Hill Angels (https://capitalatlas.ai/funds/sand-hill-angels) — Angel, Seed
- Astia Angels (https://capitalatlas.ai/funds/astia-angels) — Angel, Seed
- Portfolia (https://capitalatlas.ai/funds/portfolia) — Angel, Seed
- Taihill Venture (https://capitalatlas.ai/funds/taihill-venture) — Angel, Seed
- Latimer Light Capital — Angel
- Golden Seeds (https://capitalatlas.ai/funds/golden-seeds) — Seed
- Harvard Business School Alumni Angels — Seed
- Lateral Frontiers (https://capitalatlas.ai/funds/lateral-frontiers) — Seed