About this raise: Future Cardia, with a valuation of $46.9 million, is raising funds on StartEngine. It is a medical technology startup manufacturing a heart failure cardiac monitor. Future Cardia’s monitor is a small device that uses remote monitoring technology and artificial intelligence to gather comprehensive cardiac data. It is one of the companies selected by Johnson & Johnson Innovation to join its global network to create life-saving wellness solutions and has successfully impacted the device in 39 patients in 2024. Jaeson Bang founded Future Cardia in May 2019. The current crowdfunding campaign has a minimum target of $7,500 and a maximum target of $1.74 million. The campaign proceeds will be used for clinical operations, research and development, working capital, and marketing.

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Investment Overview

Committed this round: $703,566

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
12/30/2024
Close Date
03/27/2025
Min. Goal
$7,500
Max. Goal
$1,741,122
Min. Investment

$348

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.00

Pre-Money Valuation

$46,899,441

Company & Team

Company

Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Safety Harbor, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
13
Prior Founder Exits?
No
Founder Name
Jaeson Bang
Title
CEO

Financials

as of December 1, 2024
 Revenue
$0
 Monthly Burn
$300,000
 Runway
4 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-3,502,822

$-3,488,821

Summary Balance Sheet

FY 2023 FY 2022

Cash

$2,157,697

$3,737,737

Accounts Receivable

$0

$0

Total Assets

$2,161,061

$3,741,337

Short-Term Debt

$140,484

$119,079

Long-Term Debt

$698,106

$688,106

Total Liabilities

$838,590

$807,185

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$16,500,000
VC Backed?
Yes
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Future Cardia 03/27/2025 StartEngine $46,899,441 $703,566 Equity - Common Active RegCF
Future Cardia 12/19/2024 Wefunder $44,206,629 $1,751,155 Equity - Common Funded RegCF
Future Cardia 06/03/2024 StartEngine $40,112,855 $3,498,881 Equity - Common Funded RegCF
Future Cardia 06/20/2022 StartEngine $20,000,000 $3,114,169 Equity - Common Funded RegA+
Oracle Health 08/29/2021 Republic $20,000,000 $3,289,558 Equity - Common Funded RegA+
Oracle Health 03/23/2020 Microventures $5,000,000 $275,104 SAFE Funded RegCF
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Growth Charts

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.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Future Cardia on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $46,899,441
Price per Share: $3.00

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