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.

Investment Overview:

  • 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.

Investment Highlights:

  • Favorable Valuation
  • Littlebanc took one board seat
  • Clear path to profitability
  • Clear exit
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