ActivArmor
About this raise
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.
Investment Overview
Invested : $331,507
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 07/06/2022
- Close Date
- 11/03/2022
$9,999
$4,999,999
$170
Equity - Common
Early Stage
RegCF
$1.70
$21,868,919
Company & Team
Company
- Year Founded
- 2016
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue -56.6% YoY
- $252,493
- Monthly Burn
- $41,324
-
Runway
- 7.6 months
- Gross Margin
- 61%
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Analyst Report
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.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,278,998
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/03/2022 | StartEngine | $21,868,919 | $331,507 | Equity - Common | Funded | RegCF |
Founder Interview
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.