Corvion

Corvion

Growth Stage

Powering Possibilities for Heart Failure Patients

Powering Possibilities for Heart Failure Patients

Overview

Raised this Round: Raised: $800,489

Total Commitments ($USD)

Platform

StartEngine

Start Date

04/02/2024

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    Open SEC Filing

Price Per Share

$5.25

Pre-Money Valuation

$56,529,097

Year Founded

2020

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B2C

Margin

High

Capital Intensity

High

Location

Webster, Texas

Business Type

Growth

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: 04/02/2024
Create a free account today to gain access to Kingscrowd analytics.

Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Corvion 07/01/2024 StartEngine $56,529,097 $800,489 Equity - Common Funded RegCF

No prior online funding rounds.

Create a free account today to gain access to Kingscrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /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
Corvion on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $56,529,097
Price per Share: $5.25

Follow company

Follow Corvion on StartEngine 2024

Buy Corvion's Deal Report

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

Corvion Deal Report

Get Kingscrowd's comprehensive report on Corvion including:

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

Buy the Corvion deal report for only $10!

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