GRYT Health

GRYT Health

Growth Stage

Increasing access to new cancer treatments

Increasing access to new cancer treatments

Overview

Raised this Round: Raised: $50,353

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/23/2024

Close Date

10/31/2024

Min. Goal
$54,723
Max. Goal
$750,489
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$7,817.59

Pre-Money Valuation

$18,000,000

Year Founded

2016

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Location

Rochester, New York

Business Type

Growth

GRYT Health, with a valuation of $18 million, is raising funds on Wefunder. The company is working to improve medicine development and increase access to equitable care for all. GRYT Health has developed a patient engagement platform that provides clinical trial patient activation, patient experience research, and patient engagement services to global pharmaceutical companies. It also works with life sciences and biotech companies for new treatment development. The company has booked $11 million in revenue from 20 pharmaceutical and biotech companies and has $5 million in projected sales pipeline with 23 treatment development clients. David Craig founded GRYT Health in February 2016. The current crowdfunding campaign has a minimum target of $54,723.13 and a maximum target of $750,488.64. The campaign proceeds will be used for new business development, core business growth, technology and operations infrastructure enhancements, and back-office support.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$2,228,199

$2,451,817

COGS

$0

$0

Tax

$552,850

$-192,674

 

 

Net Income

$-1,830,276

$-1,682,599

Summary Balance Sheet

FY 2023 FY 2022

Cash

$368

$11,667

Accounts Receivable

$227,971

$307,458

Total Assets

$485,609

$1,116,268

Short-Term Debt

$1,223,474

$1,523,858

Long-Term Debt

$0

$0

Total Liabilities

$1,223,474

$1,523,858

Financials as of: 06/23/2024
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GRYT Health on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $18,000,000
Price per Share: $7.00

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