About this raise

Clear Protocol, with a valuation cap of $4 million, is raising crowdfunding on Silicon Prairie Online. The company has developed a patented software system that is voice-operated and uses electronic wearables. The tool can be used by doctors to select a procedure and validate it in real-time. Ernest Kestone founded Clear Protocol in 2016. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $250,000, will be used to complete the hospital pilot study, continue software development, and produce product test units. Clear Protocol plans to appeal directly to physicians by saving their data entry time and potential malpractice liability.

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Investment Overview

Not Funded: $6,500

Deal Terms

Total Commitments

Platform
Silicon Prairie Online
Start Date
06/23/2021
Close Date
05/20/2022
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$1,000

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

30%

Company & Team

Company

Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
High
Capital Intensity
High
Location
Encino, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Ernest Kestone
Title
CEO
Founder Name
Marie Kestone
Title
COO

Financials

 Revenue
$0
 Cash on Hand
$252

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$800

$800

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$252

$390

Accounts Receivable

$0

$0

Total Assets

$6,352

$5,790

Short-Term Debt

$0

$0

Long-Term Debt

$27,169

$24,592

Total Liabilities

$27,169

$24,592

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/22/2024 Silicon Prairie Online $4,000,000 $1,000 Convertible Note Withdrawn RegCF
04/11/2023 Silicon Prairie Online $4,000,000 $0 Convertible Note Not Funded RegCF
05/20/2022 Silicon Prairie Online $4,000,000 $6,500 Convertible Note Not 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

Employee History

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Add to portfolio
Clear Protocol on Silicon Prairie Online 2021
Platform: Silicon Prairie Online
Security Type: Convertible Note
Valuation: $4,000,000

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