Clear Protocol

Clear Protocol

Early Stage

Mobile App

Overview

Raised to Date: Raised: $1,000

Total Commitments ($USD)

Platform

Silicon Prairie Online

Start Date

04/11/2023

Close Date

03/22/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$1,000

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

04/06/2024

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

$3

Momentum
Not Funded
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Year Founded

2016

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Encino, California

Business Type

Growth

Clear Protocol, with a valuation of $4 million, is raising funds 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. Clear Protocol plans to appeal directly to physicians by saving their data entry time and potential malpractice liability. The system is already in use in 90% of the hospitals and is embedded in EMR systems like Allscripts, Epic, Cerner, and MEDITECH. Ernest Kestone founded Clear Protocol in 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for software programming, prototyping, hardware and accessories, user surveys, marketing, insurance, legal fees, and office overhead.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$825

$622

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$5

$85

Accounts Receivable

$0

$0

Total Assets

$9,658

$8,119

Short-Term Debt

$0

$1,666

Long-Term Debt

$36,168

$13,496

Total Liabilities

$36,168

$15,162

Financials as of: 04/11/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Clear Protocol 03/21/2024 Silicon Prairie Online $4,000,000 $1,000 Convertible Note Not Funded RegCF
Clear Protocol 04/10/2023 Silicon Prairie Online $4,000,000 $0 Convertible Note Not Funded RegCF
Clear Protocol 05/19/2022 Silicon Prairie Online $4,000,000 $6,500 Convertible Note Not Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Clear Protocol on Silicon Prairie Online 2023
Platform: Silicon Prairie Online
Security Type: Convertible Note
Valuation: $4,000,000

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