Amnion Life

Amnion Life

Early Stage

Innovative medical devices for preterm infants - Building an artificial womb

Innovative medical devices for preterm infants - Building an artificial womb

Overview

Raised this Round: Raised: $162,040

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/14/2020

Close Date

10/15/2020

Min. Goal
$125,000
Max. Goal
$535,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,500,000

Discount

10%

Year Founded

2015

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Newport Beach, California

Business Type

Growth

Amnion Life, with a $12.5 million valuation cap, is raising crowdfunding on Wefunder. The company has developed an artificial womb for preterm infants to replicate the fluid environment of the mother’s womb. The device, AmnioBed Golden Hour, uses synthetic amniotic fluid to prevent traditional hypothermia in preterm infants and decreases other related complications. Amnion Life was founded by Amir Fassihi in 2016 and has raised more than $1.4 million since its inception. The current round of crowdfunding has a minimum goal of $125,000 and a maximum goal of $535,000, and the funds will be used for R&D costs for engineering and pre-clinical safety testing, ongoing regulatory and risk management, and other legal and accounting expenses. Amnion Life has two issued patents in the US and China, while the patents are pending in Europe, Japan, India, and Australia.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$1,323

$2,066

 

 

Net Income

$-568,030

$-626,723

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$17,050

$30,378

Accounts Receivable

$5

$855

Total Assets

$43,608

$56,387

Short-Term Debt

$96,221

$13,548

Long-Term Debt

$474,686

$2,108

Total Liabilities

$570,907

$15,656

Financials as of: 05/14/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Amnion Life 10/14/2020 Wefunder $7,500,000 $162,040 SAFE Funded RegCF
Amnion Life 10/06/2019 Self Managed - $0 Debt Funded RegD 506(c)
Amnion Life 04/15/2019 Wefunder $22,500,000 $281,292 SAFE Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Amnion Life on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $7,500,000

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