About this raise

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.

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Investment Overview

Not Funded: $1,000

Deal Terms

Total Commitments

Platform
Silicon Prairie Online
Start Date
04/12/2023
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%

Company & Team

Company

Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
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

as of Fiscal Year 2022
 Revenue
$0
 Cash on Hand
$5

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/22/2024 Silicon Prairie Online $4,000,000 $1,000 Convertible Note Not Funded 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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Clear Protocol on Silicon Prairie Online 2023
Platform: Silicon Prairie Online
Security Type: Convertible Note
Valuation: $4,000,000

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