FloSpine
[Closed for Investment] FloSpine, with a valuation of $47.4 million, is raising funds on StartEngine. It is a medical device company using new technology and design concepts to solve problems related to the human spinal column. The spinal implants of FloSpine are innovative, cost-effective, high-margin, and lead to shorter hospital stays and improved patient outcomes. The KeyLift device fits in between the laminar of the spine and can be inserted through a small incision. Peter Harris founded FloSpine in June 2022. The current crowdfunding campaign has a minimum target of $9,999.20 and a maximum target of $1,069,995.60. The campaign proceeds will be used to launch new products, including a 3D-printed titanium cervical cage and a KeyLift expandable inter-laminar system.
Investment Overview
Raised: $162,093
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 09/30/2022
- Close Date
- 01/31/2023
$9,999
$1,069,996
$299
Equity - Common
Seed
RegCF
$2.90
$47,440,958
Company & Team
Company
- Year Founded
- 2022
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +24% YoY
- $1,557,981
- Monthly Burn
- $58,313
-
Runway
- 15.2 months
- Gross Margin
- 70%
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Back pain sucks. Even worse is making a brutal decision between getting surgery or trying alternative forms of treatment. While getting rods and screws surgically inserted into your spine will alleviate pain, it is an expensive and daunting decision. Other options, like physical therapy, spinal cord stimulators, painkillers, or other types of therapy, can be ineffective.
Simply put, there is no intermediate option for patients who have tried alternative forms of therapy but do not want to have a full-blown surgery to insert rods and screws.
Until now.
FloSpine, the company I’m introducing to you today, has created a revolutionary new device called the KeyLift.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $990,019
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 01/31/2023 | StartEngine | $47,440,958 | $162,093 | Equity - Common | Funded | RegCF |