Fist Assist Devices

Fist Assist Devices

Early Stage

FDA-Cleared Wearable Device for Increased Circulation

FDA-Cleared Wearable Device for Increased Circulation

Overview

Funding data not publicly available
Platform

Rialto Markets

Start Date

07/10/2022

Close Date

12/30/2022

Min. Goal
$250,000
Max. Goal
$1,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$10,000,000

Year Founded

2013

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Las Vegas, Nevada

Business Type

Growth

Fist Assist Devices, with a valuation of $10 million, is raising funds on Rialto Markets. The company has developed the world’s first self-contained pneumatic compression device. The device is battery-operated and wearable and comes with a small unit attached to an inflatable cuff held to the upper extremity. The Fist Assist Model FA-1 device helps to improve arm circulation for arm wellness and supports patients through their medical care journeys. Dr. Tej Singh founded Fist Assist Devices in March 2013. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1,000,000. The campaign proceeds will be used for global marketing, regulatory expenses, legal fees, and general and administrative expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$47,610

$197

COGS

$25,813

$0

Tax

$0

$0

 

 

Net Income

$-473,494

$-338,778

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$79,772

$0

Accounts Receivable

$0

$0

Total Assets

$268,107

$154,087

Short-Term Debt

$150,541

$126,383

Long-Term Debt

$0

$19,446

Total Liabilities

$150,541

$145,829

Financials as of: 07/10/2022
Create a free account today to gain access to KingsCrowd analytics.

Funding data not publicly available

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your own startup investment portfolio on KingsCrowd.

Track all of your startup investments in one place using our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Fist Assist Devices on Rialto Markets 2022
Platform: Rialto Markets
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $1.00

Follow company

Follow Fist Assist Devices on Rialto Markets 2022

Buy Fist Assist Devices's Deal Report

Warning: according to the close date for this deal, Fist Assist Devices may no longer be accepting investments.

Fist Assist Devices Deal Report

Get KingsCrowd’s comprehensive report on Fist Assist Devices including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Fist Assist Devices is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Fist Assist Devices deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge