eMD Health Centers

Early Stage

Brick-and-mortar telehealth company connecting rural America with remote urban specialty physicians

Analytics

Raised to Date: Raised: $818,315

Aggregate Commitments $

Platform

Wefunder

Start Date

05/04/2021

Close Date

01/29/2022

Min. Goal

$103,831

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$1.00

Pre-Money Valuation

$8,000,000

Rolling Commitments $

Status
Funded
Reporting Date

01/31/2022

Days Remaining
Funded
% of Min. Goal

788%

% of Max. Goal

76%

Likelihood of Max
Funded
Avg. Daily Raise

$3,031

# of Investors

59

Momentum
Funded
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Location

Friendswood, Texas

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

High Growth

eMD Health Centers, with a pre-money valuation of $8 million, is raising crowdfunding on Wefunder. The telehealth company connects people in rural America with remote urban specialty physicians. The HIPAA-compliant eMD clinics employ trained onsite medical assistants and feature digital stethoscopes, digital otoscopes, and integrated software. Mohamed Haq and Ejaz Haq founded eMD Health Centers in 2014. The proceeds of the current crowdfunding round, with a minimum target of $322,500 and a maximum target of $1,070,000, will be used to set up operations of two eMD clinics for twelve months, fund salaries of five additional employees, and pay for two clinic rentals. eMD Health Centers is working well during the new normal after significant changes in the medical landscape due to COVID-19.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-9,994

$-9,848

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$208,272

$198,278

Long-Term Debt

$0

$0

Total Liabilities

$208,272

$198,278

Financials as of: 05/04/2021
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eMD Health Centers on Wefunder
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $8,000,000

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