Powers Device Technologies
Powers developed the Pacifier Activated Lullaby (PAL™) to address the distress tolerance and nutritional needs of premature infants.
Investment Date: March 15, 2011
Type of Investment: Equity
Board Representation: Board Control
Funding Need: Funds needed to commercially develop the machine and advance the current design.
- Market Need: By increasing the likelihood that infants will mature successfully, PAL(tm) permits infants to be released earlier from the hospital and reduces the risk of a range of behavioral, cognitive, and motor development disabilities.
- Product Viability: Already FDA-approved; clinical studies verified results: PAL solved problems for hospitals, nurses, and parents.
- Favorable Valuation
- Littlebanc took one board seat
- Clear path to profitability
- Clear exit