GetHealthy, Inc. was the only New Orleans company to make it, presenting alongside the other companies in Atlanta to the 23 capital investors in attendance. The company has created a web-based platform that gives physicians and employees 24-hour access to physicians, nurses, educators, and our own personalized health information.
The finalists come from five Southeastern states and nine different cities and range from investors of energy efficiency programs to a remote, non-contact cardiorespiratory and patient motion monitor. Presenting companies included:
- AgSmarts: Martin, Tenn.
- Atlas RFID: Birmingham, Ala.
- Fiveworx: Knoxville, Tenn.
- GetHealthy, Inc.: New Orleans, La.
- iQuantifi: Franklin, Tenn.
- Longstreet Solutions, Inc.: Atlanta, Ga
- MetroTech Net: Atlanta, Ga.
- Pandoodle: Lexington, S.C.
- Reach3D Medical: Suwanee, Ga.
- RentPost, INC: Atlanta, Ga.
- Retrofit America: Atlanta, Ga.
- Sensiotec, Inc.: Atlanta, Ga.
- Validus Solutions, Inc.: Norcross, Ga.
- Vendor Registry: Knoxville, Tenn.
- WACSI: Atlanta, Ga.
Along with the pitches, each company was able to participate in an educational component to the day, which was provided by the investors and Baker Donelson’s attorneys. Fiveworx, Vendor Registry and MetroTech went on to win $5,000 in legal fees.
The event is organized by Baker Donelson shareholder Justin Daniels, who co-chairs the Firm’s Emerging Companies practice in Atlanta.
Last year resulted in 35 applications, seven pitches, and from there three companies received $2.5 million in funding. “I’m not aware of another law firm doing this,” said Daniels. “We’ve got a really good format that works and I think we nailed it.” Daniels explained that on average, only one out of 500 pitches will actually lead to any investment.
Daniels said the free Capital Connections event received closer to 60 applications this year (half from companies outside of Atlanta), beginning in January. Out of the 15 chosen, 12 companies got one on one time with investors. After all the due diligence is completed, Daniels hopes to see four or five deals get done. He confirmed that GetHealthy had a great experience at the event, along with one strong investment follow up.
More information about the event, including the participating investors, is available here.