Fundraising Fox

Hera Health Solutions

Techstars '22

Memphis, US · Founded 2017 · Delaware corporation · 8 employees on LinkedIn · 3 known investors

Hera Health Solutions is a biotechnology company that develops a proprietary nanotechnology platform to reformulate existing pharmaceutical compounds into more effective and longer-acting therapies. The platform enables rapid optimization of drugs with improved release profiles, reduced toxicity, and scalable manufacturing.

BiotechDeep TechHealthtechMedical Devices

Founders & leadership

GW
Garrett WhitfieldExecutive
IM
Idicula MathewNamed on SEC filing30 Under 30 2024

Investors · 3

Innova Memphis, Inc.Memphis · $2M
Launch TennesseeNashville
TechstarsBoulder · $220K

Reported raises · per SEC filings

Form D private placements

$100K disclosed across 1 of 2 rounds · 2018–2019

▶$1.3MofferedSep 2019 · Other Health Care
Rule 506(c)
Officers, directors & promoters on the filing
  • Idicula MathewExecutive Officer, Director
  • Garrett WhitfieldExecutive Officer, Director
Offering amount
$1.3M
Minimum investment
$25K
Placement agents
MicroVenture Marketplace, Inc.
Incorporated
Corporation, Delaware, 2017
Federal exemptions
06c
Full filing on SEC EDGAR ↗
▶$100KraisedMay 2018 · 2 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Garret WhitfieldExecutive Officer, Director
  • Idicula MathewExecutive Officer, Director
Offering amount
$100K
Amount sold
$100K
First sale
May 2018
Incorporated
Corporation, Delaware, 2017
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 3

by search overlap
Hera40 shared keywordsHello Hera provides senior care coordination services delivered by human "Heroes" supported by AI, handling insurance, appointments, medication management, and other non-clinical care tasks for families with aging parents. The service is covered by Medicare, targeting families managing complex senior healthcare needs.
Hera Women's Health34 shared keywordsHera Women's Health operates a physician-led network that provides affiliated OB/GYN practices with shared clinical infrastructure, including maternal-fetal medicine consultation, centralized scheduling, credentialing, and administrative support, while letting each practice keep its own brand and patients. It serves women's health and maternity care practices across Nevada and Arizona, with access to a birth center and Level III NICU at Sunrise Hospital.
Hera Biotech17 shared keywordsHera Biotech develops diagnostics for women's health, aiming to detect conditions that legacy tools miss. Its platform is presented as AI-enabled and science-based, intended for clinical care settings.

Companies competing with Hera Health Solutions for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 1 SBIR/STTR award

Federal grants — no equity taken
AgencyPhaseYearAmount
National Science FoundationPhase I2023$275K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

Innovator's Edge: Hera Health Solutions' Non-Invasive Drug Delivery System Aims to Transform the Future of Healthcaremena.entrepreneur.com · Jan 2025Hera Health Solutions - Arco Grantsarcogrants.com · Jan 2025Health Care Heroes 2021: Idicula Mathew, Cofounder and CEO, of Hera Health Solutions - Memphis Business Journalbizjournals.com · Jul 2021Hera Health Solutions raises $1.25MM Investment Roundherahealthsolutions.com · Dec 2019Hera Health Solutions on Microventures - Kingscrowdkingscrowd.com · Jun 2019

Frequently asked questions

What does Hera Health Solutions do?
Hera Health Solutions is a biotechnology company that develops a proprietary nanotechnology platform to reformulate existing pharmaceutical compounds into more effective and longer-acting therapies. The platform enables rapid optimization of drugs with improved release profiles, reduced toxicity, and scalable manufacturing.
Who are Hera Health Solutions's investors?
Hera Health Solutions's investors include Innova Memphis, Inc., Launch Tennessee, Techstars.
How much funding has Hera Health Solutions raised?
Hera Health Solutions has disclosed $100K raised across 1 of its 2 known rounds.
Where is Hera Health Solutions headquartered?
Hera Health Solutions is headquartered in Memphis, US.