HelpWear

Andre Bertram and Frank Nguyen, students from Waterloo, Ontario, asked for $100,000 for 10% of HelpWear, a 24/7 heart monitoring wearable device that detects heart attacks and irregular heartbeats and automatically contacts emergency services with the patient's GPS location, medical history and event summary. The device uses a clinical-grade ECG and multiple sensors, going beyond consumer products like the Apple Watch or Fitbit, and the company is partnered with St. Michael's Hospital, Ryerson University, and the University of Waterloo's Faculty of Engineering and Conrad Centre. Clinical trials were set to begin in June, expected to cost about $50,000, and the founders were raising a round at a $2.5 million valuation with existing investors already involved, retaining full ownership of the company.

Michael Wekerle offered the full $100,000 for 10% as asked, and all five other Dragons wanted to join, ultimately adjusting the equity to 12% split evenly at 2% each across six Dragons. Andre Bertram and Frank Nguyen accepted the joint deal from all six Dragons.

HelpWear is still operating and sells through its website.