Clear Protocol
Early Stage
Mobile App
Overview
Raised: $75,000
Total Commitments ($USD)
Platform
Silicon Prairie Online
Start Date
04/12/2023
Close Date
04/06/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$1,000
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$4,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
126
% of Min. Goal
150%
% of Max. Goal
60%
Likelihood of Max
Avg. Daily Raise
$321
Momentum
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Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
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: 04/12/2023
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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 | $75,000 | 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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