Amnion Life

About this raise

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.

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Investment Overview

Invested this round: $162,040

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
05/15/2020
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%

Company & Team

Company

Year Founded
2015
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
Newport Beach, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Founder Name
Amir Fassihi
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$47,336
 Runway
0.4 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/15/2020 Wefunder $7,500,000 $162,040 SAFE Funded RegCF
10/07/2019 Self Managed - $0 Debt Funded RegD 506(c)
04/16/2019 Wefunder $22,500,000 $281,292 SAFE Funded RegCF
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Growth Charts

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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