Evren Technologies
Early Stage
Advancing PTSD Treatment with an FDA Breakthrough Device
Overview
Raised: $252,618
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/24/2022
Close Date
08/29/2022
Min. Goal
$9,995
Max. Goal
$1,069,998
Min. Investment
$399
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$6.65
Pre-Money Valuation
$15,085,871
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/04/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,599
# of Investors
118
Momentum
Funded
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Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Evren Technologies, with a valuation of $15.1 million, is raising funds on StartEngine. The company has developed an FDA breakthrough device to advance PTSD treatment. The device, Phoenix, helps people manage their PTSD symptoms better and improves outcomes with fewer side effects and higher patient engagement. Evren Technologies’ device reported high user satisfaction and low dropout rates in the pilot trial and has been awarded Breakthrough Device Designation by the FDA. Weaver Gaines founded Evren Technologies in December 2018. The current crowdfunding campaign has a minimum target of $9,994.95 and a maximum target of $1,069,998.30. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$-418,616 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$13,388 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$116,875 |
|
Short-Term Debt |
$0 |
$134,232 |
|
Long-Term Debt |
$0 |
$514,900 |
|
Total Liabilities |
$0 |
$649,132 |
Financials as of: 03/24/2022
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