Evolution Devices

Evolution Devices

Early Stage

Enhancing human movement with digital therapy and 3D biomechanics

Enhancing human movement with digital therapy and 3D biomechanics

Overview

Raised to Date: Raised: $149,548

Total Commitments ($USD)

Platform

Republic

Start Date

07/05/2023

Close Date

09/05/2023

Min. Goal
$25,000
Max. Goal
$618,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$15,000,000

Valuation Cap

$18,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2023

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

$2,452

# of Investors

154

Momentum
Funded
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Year Founded

2017

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Berkeley, California

Business Type

Growth

Evolution Devices, with a valuation of $18 million, is raising funds on Republic. The company builds devices that enhance human movement using digital therapy and 3D biomechanics. Evolution Devices’ EVOWALK assists in walking rehabilitation using the patented digital therapy solution for foot drop and mobility issues, and EVOVISION provides biomechanics and motion capture for full-body movement. Pierluigi Mantovani, Juan M. Rodriguez, and Lili Karashchuk founded Evolution Devices in July 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $618,000. The campaign proceeds will be used for FDA testing, research and development, sales and marketing, infrastructure, and manufacturing.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,832

$0

COGS

$872

$0

Tax

$0

$0

 

 

Net Income

$-351,691

$-238,656

Summary Balance Sheet

FY 2022 FY 2021

Cash

$260,447

$98,779

Accounts Receivable

$1,933

$101

Total Assets

$268,173

$105,072

Short-Term Debt

$203,068

$18,567

Long-Term Debt

$751,746

$421,454

Total Liabilities

$954,814

$440,021

Financials as of: 07/05/2023
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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 2023
Platform: Republic
Security Type: SAFE
Valuation: $18,000,000

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