Cutting Edge Superconductors

Cutting Edge Superconductors

Open  for investment

About this raise

Cutting Edge Superconductors, with a valuation of $12.3 million, is raising funds on NetCapital. The company makes its worldwide patented MgB2 products for the cryogen-free 1.5T MRI. Cutting Edge Superconductors’ products include bulk samples, wires, powders, and tapes, and they help reduce the MRI cost for patients by about 40%. The primary customers of Cutting Edge Superconductors include ASG Superconductors and GE Healthcare, with potential customers including Toshiba, Hitachi, Phillips, and Siemens. Yong-Jihn Kim founded Cutting Edge Superconductors in November 2011. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $598,212. The campaign proceeds will be used for compensation for managers, equipment, materials, inventory, research and development, IP expenses, travel, rent, and utilities.

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Investment Overview

Committed this round: $106,398

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
02/01/2024
Close Date
04/01/2025
Min. Goal
$10,000
Max Goal
$598,212
Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.10

Pre-Money Valuation

$12,277,554

Company & Team

Company

Year Founded
2011
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
MAYAGUEZ, Puerto Rico
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Yong-Jihn Kim
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$7,000
 Runway
1.4 months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-34,202

$-16,548

Summary Balance Sheet

FY 2022 FY 2021

Cash

$2,308

$7,984

Accounts Receivable

$0

$0

Total Assets

$139,581

$152,883

Short-Term Debt

$0

$0

Long-Term Debt

$228,178

$207,278

Total Liabilities

$228,178

$207,278

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$74,288
Grants
$570,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/01/2025 Netcapital $12,277,554 $106,398 Equity - Common Active RegCF
08/30/2023 Netcapital $8,750,000 $19,687 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Cutting Edge Superconductors on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $12,277,554
Price per Share: $0.10

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