Future Cardia

Tiny implantable cardiac device using telemedicine and AI

Overview

Raised to Date: Raised: $632,501

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/06/2023

Close Date

04/30/2023

Min. Goal

$9,998

Max. Goal

$4,999,999

Min. Investment

$266

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.95

Pre-Money Valuation

$40,112,855

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
unlikely
Avg. Daily Raise

$30,119

# of Investors

428

Momentum
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2019

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Location

Safety Harbor, Florida

Business Type

Growth

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
Create a free account today to gain access to KingsCrowd analytics.

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
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Are you the founder of Future Cardia? Create your account today to claim this raise page.

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Future Cardia on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $40,112,855

Follow company

Follow Future Cardia on StartEngine 2023
View on StartEngine