Duet

Duet

Early Stage

Revolutionize healthcare transportation services

Revolutionize healthcare transportation services

Overview

Raised to Date: Raised: $70,600

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/12/2024

Close Date

05/31/2024

Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment

$1,000

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/21/2024

Days Remaining

9

% of Min. Goal

141%

% of Max. Goal

71%

Likelihood of Max
extremely
Avg. Daily Raise

$7,844

# of Investors

34

Momentum
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Year Founded

2014

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

San Jose, California

Business Type

High Growth

Duet, with a valuation of $7 million, is raising funds on Wefunder. The company is revolutionizing healthcare transportation management with its data-driven technology platform. Duet empowers providers with data and AI to modernize and equatize transportation services and helps with booking, scheduling, and billing. The platform has customers in eight states and has an annual run rate of $160,000, with a 240% year-over-year growth from 2021 to 2022. Jing Zhu founded Duet in October 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for product development, sales and marketing, and customer support.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$159,344

$83,395

COGS

$90,044

$42,125

Tax

$0

$0

 

 

Net Income

$-211,920

$-223,022

Summary Balance Sheet

FY 2023 FY 2022

Cash

$237,238

$225,809

Accounts Receivable

$16,965

$26,710

Total Assets

$254,203

$252,519

Short-Term Debt

$23,057

$21,154

Long-Term Debt

$100,000

$100,000

Total Liabilities

$123,057

$121,154

Financials as of: 05/12/2024
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Duet on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $7,000,000

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