Overview

Raised to Date: Raised: $331,507

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

StartEngine

Start Date

07/05/2022

Close Date

11/03/2022

Min. Goal

$9,999

Max. Goal

$4,999,999

Min. Investment

$170

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    

Price Per Share

$1.70

Pre-Money Valuation

$21,868,919

Rolling Commitments ($USD)

Status

Funded

Reporting Date

11/29/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$2,763

# of Investors

268

Momentum

Funded

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ActivArmor

Year Founded

2016

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Pueblo, Colorado

Business Type

Growth

Company Website

ActivArmor, with a valuation of $21.9 million, is raising funds on StartEngine. The company makes and sells waterproof and hygienic custom 3D printed casts and splints. The casts and splints of ActivArmor allow people requiring immobilization to practice basic hygiene like showering and washing hands even with an injury. The offerings of ActivArmor include custom-hittable trauma splints and custom-designed wrist, hand, elbow, and foot casts and splints. Diana Hall founded ActivArmor in March 2016. The current crowdfunding campaign has a minimum target of $9,999.40 and a maximum target of $4,999,999.20. The campaign proceeds will be used to partner with clinics to provide in-clinic 3D printing services and reduce the turnaround time for customized casts.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$252,493	$581,596
COGS	$99,286	$496,072
Tax	$0	$0
Net Income	$-495,884	$-319,074

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$312,131	$16,874
Accounts Receivable	$27,919	$29,918
Total Assets	$608,876	$324,698
Short-Term Debt	$28,021	$13,959
Long-Term Debt	$87,803	$105,733
Total Liabilities	$115,824	$119,692

Financials as of: 07/05/2022

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ActivArmor will reach self-sustainability once it converts its first 40 clinics. If all goes according to plan, that should happen by the third quarter of next year. By 2025, it expects to bring in revenue of $3 million to $5 million. From there, it has the potential to go several orders of magnitude higher in the second half of the decade.

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ActivArmor Founder Diana Hall Discusses Casts For Active Lifestyles

Around 6.3 million skeletal fractures occur in the United States every year. And that means a similar number of casts are needed to hold all those mending bones together. Doodling on a friend’s cast might be fun, but it’s usually a different story for the patient. Traditional casts can cause swelling, they’re not allowed to get wet, and they can stink after days of not washing the skin within.

ActivArmor offers 3D casts and splints that empower patients to maintain active, hygienic lifestyles. The company uses a simple iPhone scan to design custom casts, and the results are breathable, waterproof, and sanitizable. We reached out to founder, President, and CEO Diana Hall to hear more about the company’s partnerships and its pandemic experience.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

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