Clear Protocol

Early Stage

Information Technology-AI powered tool

Overview

Raised to Date: Raised: $6,500

Total Commitments ($USD)

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

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

30%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

05/21/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$20

Momentum
Not Funded
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Year Founded

2016

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Location

Encino, California

Business Type

Growth

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.

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

Financials as of: 06/23/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Clear Protocol 04/06/2024 Silicon Prairie Online $4,000,000 $150,000 Convertible Note Active RegCF
Clear Protocol 04/11/2023 Silicon Prairie Online $4,000,000 $0 Convertible Note Not Funded RegCF
Clear Protocol 05/20/2022 Silicon Prairie Online $4,000,000 $6,500 Convertible Note Not Funded RegCF
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Clear Protocol on Silicon Prairie Online 2021
Platform: Silicon Prairie Online
Security Type: Convertible Note
Valuation: $4,000,000

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