eMD Health Centers
Early Stage
Brick-and-mortar telehealth company connecting rural America with remote urban specialty physicians
Overview
Raised: $818,315
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/03/2021
Close Date
01/29/2022
Min. Goal
$103,831
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Early Bird Valuation
$7,280,000
Pre-Money Valuation
$8,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,031
# of Investors
59
Momentum
Funded
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Year Founded
2014
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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: 05/03/2021
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