Corvion

Corvion

Growth Stage

Powering Possibilities for Heart Failure Patients

Powering Possibilities for Heart Failure Patients

Overview

Raised to Date: Raised: $517,728

Total Commitments ($USD)

Platform

StartEngine

Start Date

04/01/2024

Close Date

07/01/2024

Min. Goal
$14,999
Max. Goal
$1,234,994
Min. Investment

$499

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.25

Pre-Money Valuation

$56,529,097

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/16/2024

Days Remaining

74

% of Min. Goal

3,452%

% of Max. Goal

42%

Likelihood of Max
extremely
Avg. Daily Raise

$34,515

# of Investors

83

Momentum
warm.svg
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Year Founded

2020

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Location

Webster, Texas

Corvion, with a valuation of $56.53 million, is raising funds on StartEngine. It is a pre-clinical medical device company that has developed a next-generation Left Ventricular Assist Device (LVAD). Corvion’s LVAD is ready to disrupt the market and support patients with end-stage heart failure. The LVAD developed by Corvion uses wireless charging and is triple the efficiency of tethered models to free patients from power lines and bulky external systems. Greg Aber founded Corvion in July 2020. The current crowdfunding campaign has a minimum target of $14,999.25 and a maximum target of $1.23 million. The campaign proceeds will be used for product development, company employment, and operating expenses.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$153,204

$375,000

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,350,154

$-1,405,544

Summary Balance Sheet

FY 2023 FY 2022

Cash

$83,320

$417,273

Accounts Receivable

$0

$0

Total Assets

$4,522,658

$5,866,976

Short-Term Debt

$112,532

$24,196

Long-Term Debt

$0

$0

Total Liabilities

$112,532

$24,196

Financials as of: 04/01/2024
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Corvion on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $56,529,097
Price per Share: $5.25

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