CovInnovations

CovInnovations

Closed: Feb. 2023

About this raise: CovInnovations, with a valuation of $10.01 million, is raising funds on Startengine. They are focused on discovering and developing groundbreaking technologies that assess, diagnose, and treat COVID-19. CovInnovations has developed a potential cure for hospitalized patients with severe COVID-19 in need of oxygen supplementation. The Company is in the pre-revenue stage of development. Dr. Aury Nagy, M.D. FAANS founded CovInnovations in May 2021. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1,234,998.96. The campaign proceeds will be used for research and development and working capital.

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Investment Overview

Not Funded: $4,297

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
12/19/2022
Close Date
02/15/2023
Min. Goal
$15,000
Max. Goal
$1,234,986
Min. Investment

$244

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$7.40

Pre-Money Valuation

$49,980,000

Company & Team

Company

Year Founded
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Las Vegas, Nevada
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Jamie Jones
Title
CEO

Financials

as of Fiscal Year 2021
 Revenue
$0
 Monthly Burn
$69,313
 Runway
0 months

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-831,753

$0

Summary Balance Sheet

FY 2021 FY 2020

Cash

$2,127

$0

Accounts Receivable

$72,348

$0

Total Assets

$74,476

$0

Short-Term Debt

$296,233

$0

Long-Term Debt

$609,996

$0

Total Liabilities

$906,229

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$466,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/15/2023 StartEngine $49,980,000 $4,297 Equity - Common Not Funded RegCF
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Add to portfolio
CovInnovations on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $49,980,000
Price per Share: $7.40

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Follow CovInnovations on StartEngine 2022

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

CovInnovations Deal Report

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