Chicagoland Company Head Case Receives $500,000 In Funding From High Profile Investors
Head Safe System Protects Youth Athletes from the Risks of Undetected Concussions, Promoting Safer Participation in Youth Sports for Athletes Everywhere
Lake Forest, IL (October 14, 2014) – Head Case, creators of Head Safe, an affordable three-part head health system for youth sports, has secured $500,000 in funding from high profile investors. Public investors include Dan Ustian, former CEO of Navistar International; Dick DeSchutter, former CEO of Monsanto; Tom Waddle, former Chicago Bear and local media personality; as well as private investors. The funding will be used to complete product development, launch production, and complete medical studies with 200 Chicagoland youth and adult athletes. Dan Nicholson and Tom Hodgkins co-founded Head Case in 2012.
Head Case is currently valued at $2.5MM and will be releasing Head Safe in the first quarter of 2015. The sporting goods market currently valued at over 50 billion dollars in the U.S. and 100 billion dollars globally, with a demonstrated 15 percent annual growth. Head Case Company is the only team and individual head health monitoring system created in the Midwest.
Participation in youth sports is in steady decline across the country, with youth football down nearly five percent compared to previous years. For some young athletes, the drop in numbers may be a result of the potential injuries football participation presents. CDC reports show that the amount of reported concussions have doubled in the last 10 years. The American Academy of Pediatrics has reported that emergency room visits for concussions in kids ages 8 to 13 years old has doubled, and concussions have risen 200 percent among teens ages 14 to 19 in the last decade.
Head Safe is designed to keep young athletes safe from the risks of undetected concussions and encourage them to play the sports that they love. Comprised of the Head Case Impact Sensor, Head Case Mobile App, and the Athlete Impact Data and Analysis Center on the Head Case Website, the system measures and records head impacts in G-force, provides alerts on impacts of concern, offers diagnostic tools to detect signs and symptoms of potential concussions, and recommends the best treatment facilities in an athlete’s current location.
Concussion laws for youth sports are in place for every state in the U.S., with Illinois enacting concussion law in May of 2013. While the first hit can prove problematic, the second or third head impact can cause permanent long-term brain damage. Cumulative sports concussions are shown to increase the likelihood of catastrophic head injury leading to permanent neurologic disability by 39 percent.
“This is a critical issue that requires a unique solution,” explains Dan Ustain, former CEO of Navistar International. “The leadership, technology experience and global product knowledge of the Head Case founders is a perfect fit to shift concussion protocol for youth athletes.”
After sustaining over 10 concussions during his youth and adult athletic career, co-founder Dan Nicholson began to suffer from memory loss, depression, anxiety and mood swings. The father of three children in contact sports, he created Head Case to keep them safe while enjoying the sports they love.
“Heightened concussion awareness and concussion laws across the nation have put the safety regulations of youth sports in a powerful position of positive growth,” says Dan Nicholson, co-founder of Head Case. “Through head health management and teamwork with athletes, coaches and parents, youth concussions will be diagnosed and treated more now than at any previous point in history.”
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Founded by concerned parents of competitive kids, Head Case is a sports technology company with the mission to protect athletes from the cumulative risk of undetected concussions.Head Case has created an affordable three-part Head Health Management Systemthat that measures and records head impacts in G-force, provides alerts on impacts of concern, offers diagnostic tools to detect signs and symptoms of potential concussions, and recommends the best treatment facilities in an athlete’s current location. The system is comprised of the Head Case Impact Sensor, Head Case Mobile App, and the Athlete Impact Data and Analysis Center on the Head Case Website. Head Case was founded by Dan Nicholson and Tom Hodgkins in 2012. Through education and awareness, Head Case aims to prevent traumatic brain injuries and long-term permanent brain damage due to repeated undetected concussions. www.HeadCaseCompany.com