CovInnovations
Early Stage
The new standard of COVID-19 solutions.
Overview
Raised: $4,297
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/18/2022
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
Price Per Share
$7.40
Pre-Money Valuation
$49,980,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/14/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$74
# of Investors
8
Momentum
Not Funded
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Year Founded
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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.
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 |
Financials as of: 12/18/2022
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