Clear Protocol
Information Technology-AI powered tool
Overview
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
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
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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