Eva Medtec

Eva Medtec

Early Stage

Eva Medtec is committed to improving the lives of more than 50 million Americans who suffer from bodily aches and pain.

Eva Medtec is committed to improving the lives of more than 50 million Americans who suffer from bodily aches and pain.

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Netcapital

Start Date

04/13/2023

Close Date

06/30/2023

Min. Goal
$10,001
Max. Goal
$487,500
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.20

Pre-Money Valuation

$8,997,823

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

06/29/2023

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2016

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Bloomington, Minnesota

Business Type

Growth

Eva Medtec, with a valuation of $8.9 million, is raising funds on NetCapital. The company has developed an at-home automated lymphatic therapy system. It has created and manufactured Neuroglide, an over-the-counter, FDA-cleared medical device that is engineered to automate and emulate manual lymphatic drainage (MLD) therapy. Neuroglide uses a calibrated pressure profile to remove cellular waste associated with inflammatory circulatory conditions and improve life quality. Irene Anne Waldridge founded Eva Medtec in July 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $487,500. The campaign proceeds will be used for sales and marketing, operations, inventory, clinical studies, and new product development.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$54,140

$68,149

COGS

$17,807

$75,458

Tax

$0

$0

 

 

Net Income

$-268,450

$-885,098

Summary Balance Sheet

FY 2022 FY 2021

Cash

$41,261

$20,486

Accounts Receivable

$0

$0

Total Assets

$452,911

$473,507

Short-Term Debt

$141,736

$17,886

Long-Term Debt

$0

$0

Total Liabilities

$141,736

$17,886

Financials as of: 04/13/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Eva Medtec 06/29/2023 Netcapital $8,997,823 $0 Equity - Common Not Funded RegCF
Eva Medtec 03/19/2023 StartEngine $11,030,000 $130,534 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

Funding data not publicly available

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Eva Medtec on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $8,997,823
Price per Share: $1.20

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Warning: according to the close date for this deal, Eva Medtec may no longer be accepting investments.

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