Eva Medtec

Eva Medtec is raising funds on Andes Capital. The company has developed an at-home automated lymphatic therapy system, Neuroglide. Eva Medtec’s Neuroglide is an over-the-counter, FDA-cleared medical device that is engineered to automate and emulate manual lymphatic drainage (MLD) therapy. It uses a calibrated pressure profile to remove cellular waste associated with inflammatory circulatory conditions, increase lymph flow, reduce pain significantly, promote relaxation and sleep, and improve life quality. Irene Anne Waldridge founded Eva Medtec in July 2016. The current crowdfunding campaign has a minimum and maximum target of $618,000. The campaign proceeds will be used for marketing, office and warehouse lease, regulatory and legal fees, equipment, supplies, research and development, IT and software, travel, liability insurance, and personnel expenses.

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Investment Overview

Raised this Round: Raised: $0

Deal Terms

Total Commitments ($USD)

Platform
Andes Capital
Start Date
11/26/2024
Close Date
11/19/2025
Min. Goal
$618,000
Max. Goal
$618,000
Min. Investment

$300

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.00

Company & Team

Company

Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Location
Bloomington, Minnesota
Company Website
Visit Website

Team

Employees
4

Funding data not publicly available

Financials

as of Fiscal Year 2023
 Revenue
$70,302
 Monthly Burn
$22,569
 Runway
0.3 months
Gross Margin
60%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$70,302

$54,140

COGS

$28,087

$17,807

Tax

$0

$0

 

 

Net Income

$-270,829

$-268,450

Summary Balance Sheet

FY 2023 FY 2022

Cash

$6,623

$41,261

Accounts Receivable

$0

$0

Total Assets

$322,844

$452,911

Short-Term Debt

$157,887

$156,383

Long-Term Debt

$162,459

$122,000

Total Liabilities

$320,346

$278,383

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/19/2025 Andes Capital - $0 Equity - Common Active RegCF
06/30/2023 Netcapital $8,997,823 $0 Equity - Common Not Funded RegCF
03/20/2023 StartEngine $11,030,000 $130,534 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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Add to portfolio
Eva Medtec on Andes Capital 2024
Platform: Andes Capital
Security Type: Equity - Common
Price per Share: $3.00

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Follow Eva Medtec on Andes Capital 2024

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