Indiegogo Success: Elliegrid’s Smart Pillbox Awarded $75,000 in Flash Funding From Arrow

Indiegogo announced on Wednesday, EllieGrid, the creator of Smart Pillbox, received $75,000 in flash funding from the crowdfunding platform’s partner, Arrow. The funding portal stated that EllieGrid would get access to design tools, a 10% parts discount, and expert one-on-one support from Arrow’s engineering team with the flash funding.

Earlier this year, EllieGrid’s Pillbox raised more than $150,000 through Indiegogo. Ábe Matamoros revealed he created the Pillbox when his grandfather became ill and was forgetting to take medication. He teamed up with a friend to come up with a way to help and create an easy-to-use smart pillbox that works for everyone. It was revealed:

The EllieGrid team soon expanded to include Nicolas Dhanam and Hieu Nguyen. The foursome launched the company while still in college—devoting themselves to demographic and market research, design, and repeated prototyping, then adding features such as fun facts delivered with reminders and real-time notifications for family and caregivers. Only then did they feel ready to seek funding.”

How the Pillbox works is simple:

Matamoros’ team went on to sign up with Indiegogo and the Arrow Certification Program. In regards to what’s next for the company, Indiegogo added:

The first set of EllieGrid pillboxes is on track to ship in May, then the team will make adjustments to both product and marketing based on user feedback. The funder community is a real benefit of launching a new product with an Indiegogo campaign, and EllieGrid has worked hard to build community with frequent updates on the campaign page. Looking to the future, it’s all about bold but well-planned growth. The original EllieGrid campaign covered all costs for the first production run, so the Arrow award will be devoted to product testing, scaling the business, and strengthening it for the growth ahead. It looks like they’re well on their way.”

EllieGrid is currently participating in Indiegogo’s InDemand program.


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