Corvion
Growth Stage
Powering Possibilities for Heart Failure Patients
Overview
Raised: $611,520
Total Commitments ($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
Series
Series B
SEC Filing Type
RegCF
Price Per Share
$5.25
Pre-Money Valuation
$56,529,097
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/08/2024
Days Remaining
53
% of Min. Goal
4,077%
% of Max. Goal
50%
Likelihood of Max
Avg. Daily Raise
$16,528
# of Investors
152
Momentum
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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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