GLOBAL DEAL SYNDICATION
HBS Alumni Angels syndicates selected deals across the full global membership of its 14 chapters. This enables selected deals from one chapter to reach a global network of accredited investor alumni. This is a unique benefit of being a member in a local HBS Alumni Angel chapter. Investment decisions are made and executed individually following a global webinar. Once investments are made, investors often assist companies in other areas as formal or informal advisers. For details on how the process works, please scroll down.
UPCOMING SYNDICATION CALL
GLOBAL SYNDICATED INVESTMENT PRESENTATION:
BECKON
Thursday, September 8, 2022 9am PT, 12pm ET, 5pm London, 6pm Continental Europe
Presenters: Gwen Burlingame & Katy Flannery
Co-Founders, Beckon Ice Cream
Complimentary for HBS Angels Members
More Information COMING SOON
UPCOMING SYNDICATION CALL
GLOBAL SYNDICATED INVESTMENT PRESENTATION:
TANG
Thursday, September 22, 2022 9am PT, 12pm ET, 5pm London, 6pm Continental Europe
Presenters: Rebecca Kersch, CEO & Founder, TANG App
Complimentary for HBS Angels Members
More Information COMING SOON
RECENT SYNDICATION CALL
GLOBAL SYNDICATED INVESTMENT PRESENTATION:
SURGIBOX
Tuesday, May 31, 2022 9am PT, 12pm ET, 5pm London, 6pm Continental Europe
Presenters: Mike H. M. Teodorescu, Co-Founder & CEO
Macauley Kenney, COO
Complimentary for HBS Angels Members
About this event:
On behalf of the Boston chapter, we would like to share the following investment opportunity:
SurgiBox?
SurgiBox was the winner of the 2022 Boston Regional Alumni New Venture competition and the crowd favorite winner in the global finals alumni track and a winner in a prior year of the Harvard President's Challenge. HBS Angels Boston led by John Reichenbach is investing in SurgiBox, joined by a strategic investor (an existing manufacturing partner of SurgiBox with an investment of 200k). SurgiField™ is SurgiBox's core product and is an ultraportable sterile system. It offers precise environmental control of a state-of-the-art operating room. SurgiBox has an existing contract with the US Air Force and a partnership with Doctors Without Borders.
Surgibox has also been selected to compete in Harvard’s Tough Tech Challenge.
Their product is called Surgifield. SurgiField™ is an ultraportable sterile system. It offers precise environmental control of a state-of-the-art operating room, with the footprint of a drape pack.
Why SurgiBox?
An estimated 18 million people die annually from conditions that safe surgery could address. Safe, timely surgical intervention is the deciding factor between recovery, mortality, or long-term disability. Lack of safe surgery results in an estimated global Gross Domestic Product loss of $12.3 trillion from lost annual productivity. SurgiBox's SurgiField is an ultraportable operating room that improves the quality of surgeries by a) reducing exposure of surgeons to patient bodily fluids and b) protecting patients from the surrounding environment. Within hospitals, our solution increases operational throughput and decreases cost. In austere conditions, it makes safe surgeries possible where there are no existing facilities.
Traction:
SurgiBox was the winner of the 2016 Harvard President's Challenge; 2018 Platinum Winner of Mass Challenge; a design award at the London Design Museum; and the HBS New Venture Competition alumni track crowd favorite and global NVC finalist this year. SurgiBox has been awarded a Phase II contract with the US Air Force (SBIR II OTA) and has made product delivery; SurgiBox has received several patents and is an ISO 13485 certified manufacturer. SurgiBox has also developed a custom battery that has been UL certified. Later this year SurgiBox plans to submit its product for CE mark certification for civilian use in Europe. SurgiBox has had a longstanding MOU with Doctors Without Borders and plans a pilot with them.
HBS Angels Boston led by Mr. John Reichenbach is investing a SAFE in SurgiBox, joined by a strategic investor (an existing manufacturing partner of SurgiBox with an investment of 200k). The SAFE note has a cap of 10m and a discount rate of 20%.
SurgiBox has several Harvard alumni cofounders. We thank you for your support and look forward to welcoming additional HBS Angels as investors in our mission to provide safe surgery at an effective cost worldwide.
LUPII
SURGIBOX
CO-FOUNDER & CEO, SURGIBOX
MIKE H. M. TEODORESCU, HBS'18, Harvard College'11
Dr. Mike Teodorescu is the CEO and a co-founder of SurgiBox, a portable operating room startup started while he was in graduate school with co-founders at Harvard. Mike is a graduate of HBS's doctoral program in strategy (class of 2018) as well as of Harvard College (Computer Science c.l.). He has worked on several products at Microsoft as a software engineer. He also worked at MIT on machine learning research. He is an inventor on a dozen inventions, of which four are issued patents. At SurgiBox he leads product strategy as well as core elements of product development.
COO, SURGIBOX
MACAULEY KENNEY
Macauley is the COO of SurgiBox. An experienced leader within startups, she builds efficiency and financial success for mission-oriented organizations. Her research has been featured in publications such as Forbes and Engineering4Change, and she has served as a mentor for MIT’s venture accelerator. Macauley holds a master's in Technology and Policy and a Sustainability Certificate from MIT.
PAST SYNDICATED COMPANIES
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HOW IT WORKS
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1. HOST CHAPTER
A company must meet a threshold of member investment in one of our HBS Alumni Angel Chapters listed here. The leadership of the host chapter nominates the company for global syndication and provides a local member contact to act as syndication lead and a company contact.
CRITERIA
Ideally, for global syndication a company should meet the following requirements:
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Local host chapter members committed to invest at least $50,000* and local chapter forwards deal to global for syndication;
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Company assures at least $50,000-100,000 investible capacity;
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Company provides at least 2 weeks for due diligence following the webinar, prior to requiring an investment decision;
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Minimum individual investment amount is set at $25,000 or less;
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Company agrees to a one-time admin fee of $1500.
The Global Syndication Committee selects the most suitable company candidates from the 15 participating HBSAA chapters and is aiming to host monthly webinars.
*NY and other larger chapters may have a $100,000 min.