Future Cardia

Future Cardia

Growth Stage

Tiny implantable cardiac device using telemedicine and AI

Tiny implantable cardiac device using telemedicine and AI

Overview

Raised to Date: Raised: $2,581,355

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/05/2023

Close Date

03/17/2024

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

03/02/2024

Days Remaining

15

% of Min. Goal

25,820%

% of Max. Goal

52%

Likelihood of Max
unlikely
Avg. Daily Raise

$7,111

# of Investors

1,870

Momentum
cool.svg
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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

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

Financials as of: 03/05/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Future Cardia 03/17/2024 StartEngine $40,112,855 $2,581,355 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
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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.

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

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Future Cardia on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $40,112,855
Price per Share: $2.95

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Follow Future Cardia on StartEngine 2023

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