Evva Health

Evva Health

Closed: Aug. 2022

About this raise

Evva Health, with a valuation of $8 million, is raising funds on Wefunder. The company has developed an empathic elder caregiving tech platform. The platform understands the unique needs of each patient and family and designs a personalized roadmap and community support around them. Evva Health is led by an experienced team and won the 2021 LG NOVA prize for the most innovative and transformative solution. Carl Hanna and Saurabh Vyas founded Evva Health in January 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for product development, engineering, sales and marketing, and operations.

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Investment Overview

Invested this round: $257,550

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
02/14/2022
Close Date
08/24/2022
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$250

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$6,000,000

Valuation Cap

$8,000,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Brookhaven, Georgia
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Carl Hanna
Title
CEO
Founder Name
Saurabh Vyas
Title
Co-founder

Financials

 Revenue
$0
 Monthly Burn
$3,878
 Runway
2.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-46,538

$-310,898

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$8,292

$11,751

Accounts Receivable

$0

$0

Total Assets

$8,292

$11,751

Short-Term Debt

$59,020

$7,702

Long-Term Debt

$317,568

$325,806

Total Liabilities

$376,588

$333,508

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/24/2022 Wefunder $8,000,000 $257,550 Convertible Note Funded RegCF
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Add to portfolio
Evva Health on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $8,000,000

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