Sisu Global Heath wins $100,000 investment from AOL co-founder Steve Case
Tuesday, September 29, 2015
A Baltimore startup that developed a surgical tool to recycle the blood of a patient suffering from internal bleeding landed a $100,000 investment Monday from AOL co-founder Steve Case, winning a "live pitch" competition among eight Baltimore companies.
Sisu Global Health, founded less than two years ago by three women, was singled out for the potential impact its Hemafuse surgical tool could have in emerging markets of sub-Saharan Africa, said Case, CEO of Washington-based investment firm Revolution LLC.
Case brought his "Rise of the Rest Road Trip" to Baltimore on Monday to encourage residents and investors to rally around homegrown entrepreneurs, visiting city startups and incubators, and ending up at the Baltimore Museum of Industry for the late afternoon competition.
"It's solving a big global problem, particularly in Ghana, with what I see as a creative solution," Case said in an interview after each of the eight startups was given just minutes to sell him and other judges on the viability and need for their products, services or technology. "It's a kind of a change-the-world idea."