Arum Health

Arum Health

Early Stage

Bringing hospital attributes to managed care facilities

Bringing hospital attributes to managed care facilities

Overview

Raised to Date: Raised: $66,100

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/25/2021

Close Date

11/23/2021

Min. Goal
$50,000
Max. Goal
$700,000
Min. Investment

$500

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$4,000,000

Valuation Cap

$5,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$551

# of Investors

16

Momentum
Funded
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Year Founded

2016

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Palo Alto, California

Business Type

Growth

Arum Health, with a valuation cap of $5 million, is raising crowdfunding on Wefunder. The digital healthcare company has developed software solutions that bring hospital attributes to managed care facilities. The app suite of Arum Health allows medical practitioners to communicate, comprehend, and collaborate among themselves and with the patients’ families. Maximo Galindo founded Arum Health in December 2016. The current crowdfunding round of the company has a minimum goal of $50,000 and a maximum goal of $700,000. The raise proceeds will be used towards sales, marketing, tech developer staff, and other expenses. Arum Health’s Adherence apps have already been used by over 2,000 patients and more than 80 med assistances at facilities.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$35,674

$18,799

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-202,812

$-213,627

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,828

$74,166

Accounts Receivable

$2,363

$13,079

Total Assets

$7,992

$89,643

Short-Term Debt

$109,061

$136,909

Long-Term Debt

$475,429

$326,419

Total Liabilities

$584,490

$463,328

Financials as of: 07/25/2021
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Arum Health on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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