Corvidane

Corvidane

Early Stage

Developing a novel, safe drug to prevent heart attacks, strokes, and liver transplants from NASH

Developing a novel, safe drug to prevent heart attacks, strokes, and liver transplants from NASH

Overview

Raised to Date: Raised: $371,284

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/03/2022

Close Date

04/30/2022

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$19,000,000

Valuation Cap

$20,000,000

Discount

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,201

# of Investors

229

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2014

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Brooklyn, New York

Business Type

Growth

Corvidane, with a valuation of $20 million, is raising funds on Wefunder. The company is developing a novel drug to prevent heart attacks, strokes, and liver transplants from NASH. The drug Corvida is an innovative approach to treating heart and liver diseases and is built on strong preclinical science. It is safe, contains Omega-7 and Omega-9, and works by improving lipid metabolism. Paresh Soni and Damion Boyer founded Corvidane in July 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000. The campaign proceeds will be used for operations, toxicology study, market research, and manufacturing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-33,665

$-39,724

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,738

$12,851

Accounts Receivable

$0

$0

Total Assets

$69,379

$67,875

Short-Term Debt

$80,607

$64,755

Long-Term Debt

$0

$0

Total Liabilities

$80,607

$64,755

Financials as of: 01/03/2022
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Corvidane 10/31/2023 Wefunder $21,000,000 $368,634 SAFE Funded RegCF
Corvidane 04/29/2022 Wefunder $20,000,000 $371,284 SAFE Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

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

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Corvidane on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

Follow company

Follow Corvidane on Wefunder 2022

Buy Corvidane's Deal Report

Warning: according to the close date for this deal, Corvidane may no longer be accepting investments.

Corvidane Deal Report

Get KingsCrowd’s comprehensive report on Corvidane including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Corvidane is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Corvidane deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge