Future Cardia
Tiny implantable cardiac device using telemedicine and AI
Overview
Raised: $632,501
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
34
% of Min. Goal
6,327%
% of Max. Goal
13%
Likelihood of Max
Avg. Daily Raise
$30,119
# of Investors
428
Momentum
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Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Future Cardia, with a valuation of $40.11 million, is raising funds on StartEngine. It is a medical technology startup manufacturing a heart failure cardiac monitor. The monitor is a small device that uses remote monitoring technology and artificial intelligence to gather comprehensive cardiac data. Future Cardia is one of the companies selected by Johnson & Johnson Innovation to join its global network to create life-saving wellness solutions. Jae Bang founded Future Cardia in 2019. The current crowdfunding campaign has a minimum target of $9,997.55 and a maximum target of $5 million. The campaign proceeds will be used for FDA meetings, patent protection, GEN ONE architecture, manufacturing, clinical operations in the EU, and operations.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$0 |
$0 |
COGS |
$0 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-2,630,257 |
$-1,738,110 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$3,787,710 |
$2,391,353 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$3,790,002 |
$2,391,353 |
Short-Term Debt |
$108,833 |
$73,680 |
Long-Term Debt |
$688,106 |
$1,492,106 |
Total Liabilities |
$796,939 |
$1,565,786 |
Financials as of: 03/06/2023
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Raise History
Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|---|
Future Cardia | 04/30/2023 | StartEngine | $40,112,855 | $632,501 | Equity - Common | Active | RegCF |
Future Cardia | 06/20/2022 | StartEngine | $20,000,000 | $3,114,169 | Equity - Common | Funded | RegA+ |
Oracle Health | 08/28/2021 | Republic | $20,000,000 | $3,336,866 | Equity - Common | Funded | RegA+ |
Oracle Health | 03/23/2020 | Microventures | $5,000,000 | $275,104 | SAFE | Funded | RegCF |
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