Future Cardia

Future Cardia

Growth Stage

Tiny implantable cardiac device using telemedicine and AI

Tiny implantable cardiac device using telemedicine and AI

Overview

Raised this Round: Raised: $320,423

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/20/2024

Close Date

10/21/2024

Min. Goal
$50,000
Max. Goal
$2,500,000
Min. Investment

$100

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.00

Early Bird Valuation

$43,469,852

Pre-Money Valuation

$44,206,629

Year Founded

2019

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Safety Harbor, Florida

Business Type

Growth

Future Cardia, with a valuation of $44.2 million, is raising funds on Wefunder. 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 $50,000 and a maximum target of $2.5 million. The campaign proceeds will be used for research and development, and impact and FDA regulatory submission operations.

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

$1,335

Total Assets

$2,197,031

$3,764,974

Short-Term Debt

$140,484

$119,079

Long-Term Debt

$698,106

$688,106

Total Liabilities

$838,590

$807,185

Financials as of: 06/20/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Future Cardia 10/20/2024 Wefunder $44,206,629 $320,423 Equity - Common Active RegCF
Future Cardia 06/02/2024 StartEngine $40,112,855 $3,498,881 Equity - Common Funded RegCF
Future Cardia 06/19/2022 StartEngine $20,000,000 $3,114,169 Equity - Common Funded RegA+
Oracle Health 08/28/2021 Republic $20,000,000 $3,289,558 Equity - Common Funded RegA+
Oracle Health 03/22/2020 Microventures $5,000,000 $275,104 SAFE Funded RegCF
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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 Wefunder 2024
Platform: Wefunder
Security Type: Equity - Common
Valuation: $44,206,629
Price per Share: $3.00

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