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Maternova isn't accepting new investments

Maternova’s deadline was December 20, 2016

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Maternova

Maker of an innovative fashion line that protects from Zika and other viruses
Women Founders Social Impact B2C Apparel & Accessories Wellness Nanotechnology
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$104,976
Raised
131
Investors
Successfully funded and closed on December 20, 2016.
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Pitch Updates 10 Reviews 23
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Closed on December 20, 2016. Information may not be up-to-date. Campaign closed on December 20, 2016. Information displayed may not be up-to-date.

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Maternova Crowd Safe
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Hear from some of the 131 investors in Maternova


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Deal highlights

  • Stylish apparel line that protects from Zika and other viruses
  • Made of innovative fabric with nanotechnology
  • Globally known brand for expertise in maternal and newborn health
  • Established cash flow-positive business

As seen in:


The world is not safe for women

Insect borne illnesses: Zika, Lyme, malaria, dengue, Chikungunya, etc., pose serious health threats for moms and babies. They spread quickly across the US and Latin America and trigger public health alerts.

Among significantly affected countries are USA, Brazil, Mexico, Colombia and over 100 more. The effects of these viruses can be quite severe for pregnant women and their babies, with microcephaly as one consequence of Zika.


Current preventive solutions like mosquito repellents have proven to be ineffective. Research by our partner clinic in El Salvador (run by Americares) has documented that women avoid wearing skin based repellents because they smell bad and are expensive.

Our study found that only 89% of women are not comfortable applying repellent directly to their skin. Vaccines, bed nets, community spraying and mosquito traps are not enough.


Women need an inexpensive way to protect themselves from Zika as they move about during the day. This is especially critical for countries without a sophisticated medical system. 


Introducing NovaVeil – a line of protective apparel by Maternova, incorporating stylish design and nanotechnology


A labor of love between Maternova, Inc. and a renowned Brazilian designer Alessandra Gold, NovaVeil is the first line of stylish protective apparel that allows women to feel empowered and confident, knowing that they are protecting themselves beautifully.

NovaVeil is using a patented nanotechnology-enhanced textile that repels the mosquitoes that carry viruses, This textile allows us to manufacture stylish but affordable garments that women can wear during the day to protect themselves against the Zika virus.

NovaVeil line:

We use the world's best scientific minds alongside the ideal creative partner to develop original and innovative solutions.


Each detail is crafted specifically for impacted climates and consider the habits of the mosquitoes – they bite in the day and they especially like dark colors – so the designs feature a lighter calming palette.


Maternity dress

First ever dress designed to appeal across cultures, expand to fit a growing belly and imbued with nanotech repellent

  • Thoughtfully constructed for women of all sizes and heights

  • Interior dress comes with simple cinching ties

  • Ruched hem adjusters for full or mid length options

Cardigan

  • lightweight elongated cardigan

  • includes a hood to protect the head and hair

  • sleeves that extend over most of the hand for maximum coverage and protection.

Scarf

  • Lightweight breathable scarf

  • able to cover the head or the lap

  • can cover an infant bassinet or an infant nursing with mother

Leggings

  • Light colored leggings

  • Protect the lower half of the body and ankles, an area of particular interest to the virus carrying mosquitos.



Chemicals used by pregnant women must be safe for the mother and for the fetus. NovaVeil is protecting women using a special fabric that does not result in the absorption of repellent chemicals into the skin.


The Environmental Protection Agency reviews clinical and environmental data to ensure consumer protection. By using a chemical already approved by the EPA we 1) ensure that it is safe and 2) save years of approval and testing.

By ensuring a long life for a maternity garment and other pieces, we bring down the average cost per day of protection significantly.



According to studies, skin-based repellents are avoided because of odor. By providing an odorless solution in the form of apparel, we increase the chances that women will use it and be protected.

Skin-based repellents are a hassle and are quite costly. NovaVeil makes protection from mosquitos effortless – wearing clothing is easier than applying repellent every few hours.

Mosquitos in some countries, including Puerto Rico, have evolved to be able to resist permethrin – this widely recommended insecticide is simply not effective in many areas.

Nanotechnology processes allow the insect repellent to be bound to textile fibers at the molecular level. It is this process which gives the textile its long life through many washings.

A patented technology enables us to offer something that is exclusively our own. It can not be copied and allows us, with our partners, to maintain quality control.

And.. stylish.

Maternova considers style as a part of dignity. Women should be able to protect themselves and their babies while still looking stunning.

We’ve partnered with Alessandra Gold - the fashion designer behind the NovaVeil line.

Born in Brazil and headquartered in Miami, Alessandra knows how to design for women and is 100% committed to creative approaches to protecting women.

  • trained at Fashion Institute of Technology, New York

  • named as this year's top 10 Miami designer

  • named one of 8 Latin American designers to watch by Glamour magazine

  • designs featured in Sports Illustrated, Nylon, and Vogue


Solution for the whole world

Retail line for established markets

We will sell the NovaVeil line at retail prices so that higher-income women have access to stylish apparel that protects against Zika. Doctors and midwives will sell products through their clinics, governments will buy product in bulk, and individuals will buy retail so that the average woman in Europe, the U.S. and Brazil can be protected.

Subsidized line for lower-income women at risk

Part of the proceeds from the retail line will be used to subsidize a line of protective apparel for low-income women in the countries hardest hit by viruses. Humanitarian organizations will be able to purchase in bulk for distribution for displaced populations at risk of mosquito borne illness.


About Maternova, Inc. 

Maternova, Inc is a globally recognized women’s health solutions company. We’re the purveyors of hope and innovation: our mission is to improve the quality of life for women and newborns everywhere by accelerating access to life-saving technologies. We create health-enhancing solutions that young women will want to integrate into everyday life.



We have the right pieces in place to launch NovaVeil  

We already distribute medical technologies around the world. We work with governments, hospitals, humanitarian organizations and clinicians. In other words, we have the customers and the distribution system in place.


A trusted brand

Maternova negotiates exclusive distribution agreements with innovators and entrepreneurs as well as corporates. We use a series of product screens to select life-saving innovations, and the innovators work with us because of our reach and reputation.




A proven, working business model


A 15,000-strong provider network

Through our self-built mailing list and social media, we reach over 15,000 frontline providers and procurement agencies who equip them. This network allows us to 'take the pulse' of the needs of clinicians, and to test and validate innovations rapidly.


Existing products portfolio

Survival Duos: one of Maternova’s products on the market:

See more products at maternova.net.



Happy customers & partners


Mentions in major press outlets

Hear the recent piece on BBC.


Support by grants and experts

Maternova’s protective apparel concept is supported by some of the leading experts on global health and Zika. Maternova is part of an elite cohort of innovators cultivated by CAMtech and Massachusetts General Hospital. This cohort is advised by Dr. Michael Callahan, a top authority on Zika and head of the Zika Foundation. We are also supported with a seed grant from Grand Challenges Canada.


We're in the growing medical device market


What your investment will fund

  • Develop final prototypes for the protective apparel

  • Research demand for a full anti-Zika kit (apparel, repellent, bednets, etc)

  • Work with pattern maker to create patterns

  • Place order with the manufacturer

  • Launch marketing campaign

  • Deliver first run of the finished garments

Where we are now

Within two months of developing the NovaVeil idea we have done the following:

  • sourced the patented textile

  • partnered with a talented fashion designer from Brazil

  • produced the first run of maternity t-shirts for testing

  • designed four initial maternity pieces for the NovaVeil line

  • set up a partnership with a clinic in El Salvador (Americares)

  • designed a user testing tool

  • received requests from around the world,  

  • Got early validation from the independent technical review teams in May 2016 from CAMtech, Mass General Hospital's Zika awards

Why we want you to join us

We want investors who are mothers, fathers, grandparents and daughters.

We need passionate people who understand that to protect women, to reduce the number of women dying in childbirth and to improve the health of adolescent girls, we need innovative, pioneering business models.

We believe it’s a great time to be a woman. We are so excited to connect with your at the moment when innovation is desperately needed.

Deal terms


Valuation cap

$4,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

10%

If a trigger event for Maternova occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$20

The smallest investment amount that Maternova is accepting.
Learn more

Maximum investment

$100,000

The largest investment amount that Maternova is accepting.
Learn more

Funding goal

$500K

The maximum amount the offering can raise is $500K.
Learn more

Deadline
Maternova needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Maternova Crowd Safe

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Maternova.
Invest
$20
Receive
  • A shoutout by tweet thanking you personally on the Maternova twitter handle
Invest
$50
Receive
  • A shoutout and a permanent spot on the Maternova website!
Invest
$125
Receive
  • A NovaVeil garment for someone you love, a shoutout by tweet to our 4800 followers and a permanent spot on the Maternova website.
Invest
$500
Receive
  • Everything above plus a signed poster of the technical drawings used to create the first designs of Maternova protective anti-Zika apparel.
Invest
$1,000
Receive
  • Everything above plus a crate of Zika-protective apparel for the young women served at our partner clinic in El Salvador (run by Americares).
Invest
$10,000
Receive
  • Everything above plus you get to be "virtual designer", involved in the design process for one of our next garments! Fabric, color, style... you'll have input on all!
Invest
$50,000
Receive
  • Everything above plus a tour of the up and coming City of Providence by gondola, with the founders of Maternova.

Endorsed by

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About Maternova

Founded
May 2009
Form
Rhode Island Corporation
Employees
4
Website
maternova.net
Social Media
Headquarters
Google Map location of of Maternova
460 Harris Ave Suite 201 , Providence, RI
Headquarters
460 Harris Ave Suite 201, Providence, RI, United States 02909

Maternova Team
Everyone helping build Maternova, not limited to employees

Profile picture of Meg Wirth
Meg Wirth
CEO and Co-Founder
S.E.VEN fellow and a Cartier Women's Initiative finalist. BA from Harvard University and an MPA in international development from Princeton University's Woodrow Wilson School.
Profile picture of Allyson Cote
Allyson Cote
COO and Co-Founder
Brings startup experience, marketing, and design to the management team. Prior to Maternova, Allyson acted as a founding Vice President team member of Shape Up, Inc. as well as acting as COO for Alessandra Gold, Inc.
Profile picture of Ron Corriveau
Ron Corriveau
VP of Strategy
Develops partnerships with Fortune 500 companies. Strategized sales channels and distribution. Founder and President of XLR8.Partners
Meg Wirth
CEO and Co-Founder
Allyson Cote
COO and Co-Founder
Ron Corriveau
VP of Strategy

Press

Maternova Receives Prestigious Global Katerva Award for C...
PRWeb PRWeb
·
Sep 25, 2019

"Too often life-saving innovations do not reach a global scale because they lack a long-term champion, a commercializatio...

GoLocalProv | Business | "RI Tech and Innovation Report" ...
GoLocalProv GoLocalProv
·
May 16, 2019

Touted as the "pinnacle of global sustainability recognition," the Katerva Awards pay tribute to companies, people and id...

From Commander to Student to Fellow to CEO · Babson Thoug...
Babson Thought & Action Babson Thought & Action
·
Mar 20, 2019

As graduation approached for Prakash Veenam MBA '18, he took advantage of a summer fellowship offered through the Leonard...

Saving Mothers Announces Innovative Partnership With Mate...
Newswire Newswire
·
Mar 2, 2017

Two leading-edge organizations join forces to deliver low-cost high impact solutions to reduce maternal death rates in de...

Rhode Island Company Creates Clothing to Protect Against ...
Wnpr Wnpr
·
Nov 7, 2016

The Centers for Disease Control and Prevention has found evidence that more than 1,000 pregnant women in the United State...

This Women's Health Co. Is Pioneering a Line of Stylish A...
BostInno BostInno
·
Oct 14, 2016

Fashion trends might be ephemeral, but a Providence-based company is designing stylish clothing with a much larger vision...

Low-Cost, Fashion-Forward Anti-Zika Tunics From An Ecomme...
Forbes Forbes
·
Jul 29, 2016

In the struggle to stop the Zika virus devastating Latin America, one social enterprise marketplace has created an innova...

Show all
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Maternova

Maternova successfully raised $104,976 from 131 investors on December 20, 2016
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