Evolution Devices

Early Stage

Digital physical therapy powered by smart therapeutic devices

Analytics

Raised to Date: Raised: $186,545

Aggregate Commitments $

Platform

Republic

Start Date

09/22/2021

Close Date

12/31/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

26

% of Min. Goal

746%

% of Max. Goal

17%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,521

Momentum
cool.svg
Log in or create a free account today to gain access to KingsCrowd analytics.
Location

Berkeley, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Growth

Evolution Devices, with a valuation of $10 million, is raising funds on Republic. The company is developing digital physical therapy to assist and enhance movements. The digital health platform of Evolution Devices offers virtual physical therapy and helps in walking rehabilitation, to begin with. The first product, EvoWalk, helps in fall prevention and walking rehab and has raised over $2 million. Pierluigi Mantovani, Juan M. Rodriguez, and Pierre Karashchuk founded Evolution Devices in July 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for FDA clearance and commercialization.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-79,389

$-2,484

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$319,820

$234,815

Accounts Receivable

$0

$0

Total Assets

$329,486

$236,551

Short-Term Debt

$174,505

$87,181

Long-Term Debt

$0

$0

Total Liabilities

$174,505

$87,181

Financials as of: 09/22/2021
Log in or create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Starter

$8.33 /month
billed annually
Free portfolio tracking. Limited reports and filters.
Plan Includes:
Everything in Free, plus
Advanced company search ( limited filters)
Founder profiles and exclusive webinars
2 Analyst Reports per month
Get Starter Annual

Pro

$25 /month
billed annually
Unlimited analyst reports and market analytics.
Plan Includes:
Everything in Starter, plus
Full access to all Analyst Reports
Filter on Analyst Reports (e.g. Top Deal, Deal to Watch, etc.)
Market Analytics
Get Pro Annual

Merlin

$41.67 /month
billed annually
Full site access including Merlin ratings.
Plan Includes:
Everything in Pro, plus
Search and filter companies by Merlin ratings
Company specific Merlin rating and risk assessment
Get Merlin Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Evolution Devices on Republic 2021
$
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

Follow company

Follow Evolution Devices on Republic 2021