Future Cardia
Tiny implantable cardiac device using telemedicine and AI
Overview
Raised: $2,982,488
Total Commitments ($USD)
StartEngine
03/05/2023
04/29/2024
$266
Equity - Common
Series A
RegCF
$2.95
$40,112,855
Rolling Commitments ($USD)
Active
04/24/2024
4
29,832%
60%
$7,169
2,121
2019
Healthcare & Pharmaceuticals
Medtech
B2B2C
Medium
High
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,488,821 |
$-1,738,609 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$3,737,737 |
$2,391,353 |
|
Accounts Receivable |
$1,335 |
$0 |
|
Total Assets |
$3,764,974 |
$2,391,353 |
|
Short-Term Debt |
$119,079 |
$73,680 |
|
Long-Term Debt |
$688,106 |
$1,492,106 |
|
Total Liabilities |
$807,185 |
$1,565,786 |
Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Future Cardia | 04/28/2024 | StartEngine | $40,112,855 | $2,982,488 | Equity - Common | Active | RegCF |
| Future Cardia | 06/19/2022 | StartEngine | $20,000,000 | $3,114,169 | Equity - Common | Funded | RegA+ |
| Oracle Health | 08/27/2021 | Republic | $20,000,000 | $3,336,866 | Equity - Common | Funded | RegA+ |
| Oracle Health | 03/22/2020 | Microventures | $5,000,000 | $275,104 | SAFE | Funded | RegCF |
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Valuation History
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Employee History
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Company Updates
When I invest in companies, I look for a great founder with the passion and commitment that will help them handle the ups and downs of leading a startup. This is what I saw in Jaeson Bang, so I took the opportunity to personally invest in Future Cardia’s last round.
More than 250 KingsCrowd users did the same. And it makes sense. Future Cardia created a precise heart monitor in a space with few competitors, and Jae managed to gather a team of very smart professionals to grow the company.
Now Future Cardia is raising again on StartEngine. I’m curious to know more about the company’s progress in the last year and its plans for the future, both as an analyst and an investor. So I checked in with Jae to get an update on the company.