Local Venture Prevent Biometrics Raises $3.8m For A Smarter Mouthguard

Prevent-BiometricsLocal venture Prevent Biometrics has raised $3.8m of a $7m equity round for a smarter mouthguard, according to this SEC disclosure.

Formed in 2015 and led by the former CEO of Shock Doctor, Steve Washburn, Prevent Biometrics allows parents, coaches and trainers to monitor athletes in real time on the field of play.

Based off proprietary research from the Cleveland Clinic, the product is a battery powered mouthguard with sensors embedded throughout which collects data on a number of factors related to the force of gravity to gather “concussion intelligence.”

The exact amount of sports-related concussions that occur is not exactly known due to un and under-reporting, but estimates are 3 – 4 million annually per US CDC.

Prevent Biometrics raised an initial funding round of $2.5 million last fall and was previously awarded a $4.5 million grant from the U.S. Department of Defense, indicating potential applications for military soldiers.

The plan is to offer two versions of its head impact monitor for athletes ages 11 and older, starting at $199. The company is targeting six markets for launch in early 2017, including Boston, Chicago, Cleveland, Dallas, Denver and Minneapolis. Prevent plans to introduce the product nationwide by 2018.

Prevent Biometrics was a 2015 Minnesota Cup Finalist, and has appeared at Beta.MN/Showcase and MinneAnalytics SportCon.

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