San Diego Startup Aculief Inc. Acquired in Multimillion Dollar Deal
/November 16, 2020
Media Contact: Terri Somers, Somers Media
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San Diego Startup Aculief Inc. Acquired in Multimillion Dollar Deal
First-time entrepreneur created the first wearable acupressure tool for natural headache relief.
CARLSBAD – Aculief Inc., creators of the first wearable acupressure tool for natural headache relief, announced today that the company has been acquired in a multimillion-dollar deal by a global Amazon retailer.
The Aculief device is a patented nylon clip that applies pressure to the hand between the thumb and forefinger, an area known as the LI4 acupressure point, which stimulates the body’s endorphins to naturally relieve headaches and tension. Aculief is doctor-approved and designed to be worn anytime for drug-free relief.
“After having the good fortune to help hundreds of thousands of people find natural headache relief, we’re grateful to connect with a company that can scale Aculief to a global market,” said Jonathan Doogan, Aculief founder and chief executive. Founded in March 2013, the company was developed with the mentorship of the San Diego Sports Innovators (SDSI) Accelerator, a 20-week program that helps business address their challenges and grow.
“SDSI was invaluable in terms of giving me the confidence to pursue Aculief full time,” said Doogan. “The mentors at SDSI were incredibly helpful and believed there was a large market for Aculief. They were also instrumental in helping me raise funding to accelerate the growth of the business.”
Doogan, 48, who previously worked in sales and business development for tech and alternative energy companies, is a first-time entrepreneur. After helping two companies successfully position themselves for acquisition, the Carlsbad resident decided it was time to pursue the business he had been contemplating since college.
“Having learned so much through the development and sale of Aculief, I’m excited to continue bringing innovative products to market, and I look forward to helping local entrepreneurs and startups succeed any way I can,” Doogan said.
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