Company Updates

Aura Health Company Update

In this company update, we look at Aura Health’s new crowdfunding round on Dealmaker at an $60M valuation, reflecting on the company’s financial progress and decreasing burn.

Funding Round Details

Aura Health (previously Aura) logo
Company: Aura Health (previously Aura)
Security Type: Equity - Preferred
Valuation: $60,000,000
Min Investment: $1,001
Platform: Dealmaker Securities
Deadline: Apr 29, 2024
View Deal
  • Aura Health has opened a new round on Dealmaker at a valuation of $60M, which is the same valuation as its previous round in 2023.
  • Since the last crowdfunding raise, the company has increased revenue by 44%, to $6.9M in 2022 from $4.8M in 2021. While this is not quite the 50% minimum revenue growth investors will be looking for, the company has accordingly not raised its valuation since the last round. 
  • Importantly, the company has managed to lower it’s net loss to $-1.6M in 2022 from -$3M in 2021. Lowering burn while increasing income is always great to see and is a positive sign for Aura Health. 
  • Gross margins have remained largely stable at around 65% over 2022 and 2021. 
  • Unfortunately, 2023 metrics have not been released by Aura Health yet. Therefore, we cannot be certain that the company was able to keep up this growth in revenue/margins/net income in 2023.

Teddy Lyons
About: Teddy Lyons

Teddy comes to KingsCrowd with a background in venture capital and investment banking. He worked at Deutsche Bank as an Investment Banking Analyst in the Technology, Media, and Telecommunications group. Prior to that, he served as an Associate at Alchemi Capital, a venture capital firm in Boston that invests in early-stage technology companies. Teddy holds a degree in Economics and Psychology from Wesleyan University, where he was captain of the varsity soccer team. He also holds a M.S. in Finance from Boston College.

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