Carosh Compliance Solutions

Carosh Compliance Solutions

Closed: Sep. 2023

About this raise

Carosh Compliance Solutions, with a valuation of $2 million, is raising funds on Wefunder. The company provides the knowledge and tools related to HIPAA compliance programs for small and mid-sized practices. The proprietary software-driven workshops of Carosh Compliance Solutions help medical practices and their vendors to achieve HIPAA compliance in an efficient and effective manner. Carosh Compliance Solutions provides a full range of custom HIPAA compliance programs with a client retention rate of 92%. Roger Shindell founded Carosh Compliance Solutions in January 2012. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for contract sales person, digital marketing, and reserve.

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Investment Overview

Invested this round: $69,500

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
02/01/2023
Close Date
10/01/2023
Min. Goal
$50,000
Max Goal
$124,000
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$1,740,000

Valuation Cap

$2,000,000

Discount

20%

Company & Team

Company

Year Founded
2012
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Crown Point, Indiana
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Roger Shindell
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue +29% YoY
$447,647
 Monthly Burn
Profitable
 Cash on Hand
$24,080

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$445,426

$447,647

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$38,948

$141,457

Summary Balance Sheet

FY 2022 FY 2021

Cash

$24,080

$10,982

Accounts Receivable

$0

$1,641

Total Assets

$89,241

$195,714

Short-Term Debt

$37,704

$16,831

Long-Term Debt

$245,607

$256,600

Total Liabilities

$283,311

$273,431

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/01/2023 Wefunder $2,000,000 $69,500 Convertible Note Funded RegCF
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Add to portfolio
Carosh Compliance Solutions on Wefunder 2023
Platform: Wefunder
Security Type: Convertible Note
Valuation: $2,000,000

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Warning: according to the close date for this deal, Carosh Compliance Solutions may no longer be accepting investments.

Carosh Compliance Solutions Deal Report

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