Ep 6: Greg Shanahan (Veriphi) on raising privately & publicly, developing Deeptech, and persistence

In this episode of the Funding Files we interview Greg Shanahan, founder of Veriphi, about Veriphi’s innovative solution to prevent medication errors using laser technology, AI, and cloud computing, and his big goal to create a billion-dollar company here in Aotearoa New Zealand. 

In the pod we cover Veriphi's development, funding journey, and future plans with the goal to reduce the 3% of hospital patients harmed by preventable medication errors, particularly with high-impact cancer drugs. Greg shares his background, including his work at Fisher and Paykel, which inspired the idea to apply a recurring revenue model to intravenous drug administration, noting that 30 drugs are administered every second in the US.

The conversation focuses on Veriphi's funding history, starting with personal funds and early investors like Roger Lampen, who Greg cold-called when he saw him investing in other health tech companies. 

Greg shares insights on capital raising, emphasizing persistence and focus. He advises founders to manage stress and focus on the steps they think will make them succeed. Ultimately, Greg highlights the importance of building a team where everyone feels ownership and contributes to the company's success.

Veriphi are currently equity crowdfunding on PledgeMe - you can find their campaign here: https://pledgeme.co.nz/investments/608-veriphi-limited

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Kia ora and welcome everyone to THE FUNDING FILES, where we explore the highs, lows and cashflows of funding a business in Aotearoa New Zealand.

Huge thanks to the founders for sharing their stories, to our board for inspiring us to make this pod, and to Rory Harnden for making our design and intro string.