Evolution Devices

Evolution Devices

Early Stage

Digital physical therapy powered by smart therapeutic devices

Digital physical therapy powered by smart therapeutic devices

Overview

Raised to Date: Raised: $241,170

Total Commitments ($USD)

Platform

Republic

Start Date

09/21/2021

Close Date

12/31/2021

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/01/2022

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

$2,412

# of Investors

486

Momentum
Funded
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Year Founded

2017

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Berkeley, California

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: 09/21/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Evolution Devices 09/04/2023 Republic $18,000,000 $149,548 SAFE Funded RegCF
Evolution Devices 12/30/2021 Republic $10,000,000 $241,170 SAFE 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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Evolution Devices on Republic 2021
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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