RedCrow, a crowdfunding startup, is working to help investors discover early-stage startups in the booming health care and medtech sectors, and to connect those entrepreneurs to the industry's top "talking heads," said the company's chairman Jerry Harrison.
"RedCrow does more than list the companies, we also vet them and help guide them," said Harrison. "Most crowdfunding platforms don't offer that kind of expertise."
Harrison is most widely known for his work as member of the Rock and Roll Hall of Fame band the Talking Heads and as an original member of the Modern Lovers. Outside of his rock and roll credentials, Harrison has a background as an entrepreneur and was co-founder of companies like Garageband.com, an Internet music resource and early pioneer in crowdsourcing. Harrison founded the company along with CEO Brian Smith, a former Morgan Stanley financial advisor and wealth manager.
Founded in 2016, San Francisco-based RedCrow is an equity crowdfunding portal that provides investment opportunities for accredited investors. Unlike other crowdfunding portals, RedCrow enables the public to invest alongside industry experts who serve as RedCrow advisors and strategic investment partners. In 2017, RedCrow plans to open its exclusive offerings to Title III, non-accredited investors, fully embracing the crowd.
One of RedCrow's first featured deals was for Stretch, a family data-sharing mobile platform currently in beta stage and available on the Apple App Store. Stretch aims to simplify the sharing of data among family members by syncing with devices and systems already used by providers like Dropbox, as well as services from Apple and Google.
RedCrow is also backing MiRTLE Medical, a Massachusetts-based medical device company that makes MRI imaging available to patients who currently can't access it. MiRTLE said its device improves ablation surgery, cancer tumor removal, and direct delivery of chemotherapy.
Finally, RedCrow is behind a Boston-based company called Ixcela that helps individuals improve their intestinal fitness by using an easy-to-use test, which identifies key small molecules associated with gut microbiome health. The company was founded by CEO Dr. Erica Angle, a leading biochemist and MIT and Boston University graduate, and Chief Scientist Dr. Wayne Matson, an MIT graduate, NASA scientist and "Father of Modern Metabolomics."