This company is no longer in business. Investors can get details about any potential exits or failures here.
Choix
Early Stage
Breaking down barriers to abortion and reproductive care
Overview
Raised: $135,200
Total Commitments ($USD)
Platform
Republic
Start Date
10/05/2022
Close Date
01/28/2023
Min. Goal
$25,000
Max. Goal
$2,500,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$12,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,186
# of Investors
215
Momentum
Funded
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Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Choix, with a valuation of $12 million, is raising funds on Republic. The company has developed a platform to expand access to high-quality and affordable abortion care. The business is offering telehealth services for expanding access and breaking down barriers related to abortion care. Choix has more than 300 average monthly patients and over $97,000 in average monthly revenue. Aisha Wagner, Cindy Adam, Lauren Dubey, and Mark Adam founded Choix in September 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $2.5 million. The campaign proceeds will be used for deepening partnership strategies, the creation of a Spanish language website, the addition of 24/7 medical and doula support for all patients, and developing the ReproBenefits business model.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$542,590 |
$29,313 |
|
COGS |
$193,457 |
$9,260 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-5,225 |
$-19,403 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$67,418 |
$23,279 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$67,418 |
$23,279 |
|
Short-Term Debt |
$52,046 |
$2,682 |
|
Long-Term Debt |
$40,000 |
$40,000 |
|
Total Liabilities |
$92,046 |
$42,682 |
Financials as of: 10/05/2022
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