CERN Corporation

CERN Corporation

Closed: Apr. 2023

About this raise

CERN Corporation, with a valuation of $12 million, is raising funds on StartEngine. The company is developing an effective and non-drug therapeutic treatment for fungal and bacterial vaginosis. The Cern Device uses microbicidal light to mitigate pathogens causing fungal and bacterial vaginosis to promote a healthy microbiome without using drugs. The device is the size of a tampon and can be used at home as and when needed. CERN Corporation has received utility and design patents and is in the pre-revenue and testing stages of development. Gregg A. Klang founded CERN Corporation in February 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for commercial device development, clinical trials, FDA clearance, and marketing.

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Investment Overview

Invested this round: $442,702

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
09/15/2022
Close Date
04/27/2023
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$500

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.80

Pre-Money Valuation

$12,006,620

Company & Team

Company

Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Coto de Caza, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Gregg Klang
Title
CEO & President

Financials

 Revenue
$0
 Monthly Burn
$3,643
 Runway
2.5 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-43,711

$-73,704

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$8,964

$8,834

Accounts Receivable

$0

$0

Total Assets

$8,964

$8,834

Short-Term Debt

$37,208

$139,896

Long-Term Debt

$0

$0

Total Liabilities

$37,208

$139,896

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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
04/27/2023 StartEngine $12,006,620 $442,702 Equity - Common Funded RegCF
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Add to portfolio
CERN Corporation on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,006,620
Price per Share: $0.80

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Follow CERN Corporation on StartEngine 2022

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Warning: according to the close date for this deal, CERN Corporation may no longer be accepting investments.

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