Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- Elly is a digital health startup helping life science companies support chronic disease patients. Each year, life science companies miss out on $637B in revenue due to medication nonadherence. The company has developed and launched an iPhone app to support users' treatment adherence with a smart audio companion called Elly.
Users engage with audio content around disease education, exercise & meditation practices, symptom management and other patients' stories to live healthier and happier. By offering B2B licenses for data and content, life science companies are able to understand side effect burden and provide treatment reminders to improve treatment adherence for patients receiving their drugs.
Traction
- Multi-year enterprise customer contracts with Johnson & Johnson, Bristol Myers Squibb and Pfizer.
- 11K+ users with retention of 98% at 1mo and engagement of 190min total content played / user.
- Strong clinical trial results: 15.2%↑ quality of life and 40.2%↑ treatment adherence in 30 days.
- $200K research grant awarded at Cedars-Sinai for phase II clinical trial.
- 50+ chronic disease libraries; 2K+ content recordings produced.
Links