Eva Medtec

Eva Medtec

Early Stage

Automated Lymphatic Therapy (ALT) Technology

Automated Lymphatic Therapy (ALT) Technology

Overview

Raised to Date: Raised: $130,534

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/19/2022

Close Date

03/20/2023

Min. Goal
$9,999
Max. Goal
$1,235,000
Min. Investment

$299

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.49

Pre-Money Valuation

$11,030,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,450

# of Investors

46

Momentum
Funded
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Year Founded

2016

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Bloomington, Minnesota

Business Type

Growth

Eva Medtec, with a valuation of $11,030,000, is raising funds on Startengine. They make it possible for anyone to experience the benefits of automated lymphatic therapy with one simple, at-home system. Eva Medtec is targeting the $4B Pain Management Devices market. They have created and manufactured Neuroglide™, an over the counter, FDA-cleared medical device engineered to automate and emulate manual lymphatic drainage (MLD) therapy. Irene Waldridge founded Eva Medtec in 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,234,999. The campaign proceeds will be used for company employment, inventory, working capital and clinical studies.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$68,149

$0

COGS

$75,458

$0

Tax

$0

$0

 

 

Net Income

$-885,098

$-794,843

Summary Balance Sheet

FY 2021 FY 2020

Cash

$20,486

$253,766

Accounts Receivable

$0

$0

Total Assets

$473,507

$603,758

Short-Term Debt

$147,154

$120,854

Long-Term Debt

$50,000

$31,214

Total Liabilities

$197,154

$152,068

Financials as of: 12/19/2022
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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

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Eva Medtec on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $11,030,000
Price per Share: $1.49

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