My business roadmap
Vessl is empowering folks with leg amptuations to lead healthier lives. In just 2 years, we de-risked critical regulatory, reimbursement, and product elements of the business to set ourselves up for success.
1 100%
23rd Oct
2022
Signed Cooperative Research Agreement with 5 Veterans Affairs healthcare centers for product validation
2 100%
1st Nov
2022
FDA class 1 medical device designation confirmed with regulatory consultant
3 100%
16th Jan
2023
Filed provisional patent in the U.S.
4 100%
15th Sep
2023
Minimum viable product complete
5 100%
23rd Oct
2023
Closed friends and family fundraising round ($350K USD on convertible note)
6 100%
8th Dec
2023
Graduated from Techstars Physical Health Fort Worth
7 100%
1st Dec
2023
Signed 5 letters of intent with prosthetists
8 100%
16th Jan
2024
Converted provisional patent to PCT application; filed new utility patent in U.S.
9 100%
31st Jul
2024
First amputee tries Isoform
The problem / challenges: Video of the test: https://docsend.com/view/n5d3r3zhvn5u52mu
10 100%
23rd Jul
2024
Institutional Review Board approval for research study with University of North Texas Health Science Center (PI Dr. Graci Finco)
11 0%
15th Sep
2024
Alpha testing (6 amputees)
12 0%
30th Sep
2024
Manufacturing contract secured
13 0%
1st Sep
2024
Sign Cooperative Research Agreement with 6 Veterans Affairs healthcare centers for further product validation
14 0%
1st Oct
2024
Register with FDA as class 1 medical device (1 day online process)
15 0%
15th Oct
2024
Beta testing (15 amputees)
16 0%
1st Nov
2024
First patent granted
17 0%
30th Nov
2024
ISO 10328 mechanical testing completed
18 0%
15th Nov
2024
Clinical research study with Dr. Graci Finco (University of North Texas Health Science Center) data collected
19 0%
1st Feb
2025
Launch Isoform in U.S. (2 clinics)
20 0%
1st May
2025
Expand to new sales channels (10 clinics)
21 0%
1st Jun
2026
Isoform V2 in final R&D stages / sales in 43 clinics
22 0%
1st Mar
2027
Breakeven sales (72 clinics)
23 0%
1st Feb
2028
Sales expansion (158 clinics)
24 0%
1st Feb
2029
Continued sales expansion (266 clinics)
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