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.
Investment Overview
Committed $106,398 :
Deal Terms
Company & Team
Company
- Year Founded
- 2011
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $74,288
- Grants
- $570,000
- VC Backed?
- No
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.