Health Care Originals

Health Care Originals

Open  for investment

About this raise: Health Care Originals, with a valuation of $13 million, is raising funds on Wefunder. The healthcare company is revolutionizing the respiratory care market with its virtual respiratory care platform. Health Care Originals’ AI-powered platform provides always-on and personalized care for the sufferers of asthma and chronic obstructive pulmonary disease and has a robust patent portfolio. The company has signed contracts for $5.5 million in projected annual recurring revenue and has 12,000 members on the waitlist. Sharon Samjitsingh and Jared Dwarika founded Health Care Originals in June 2016. The current crowdfunding campaign has a minimum target of $49,998.59 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, device manufacturing, FDA clearance, hiring, consulting services, and legal and IP expenses.

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Investment Overview

Committed this round: $273,388

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
11/01/2024
Close Date
07/29/2025
Min. Goal
$49,999
Max. Goal
$1,234,999
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.52

Pre-Money Valuation

$13,000,000

Company & Team

Company

Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Rochester, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Sharon Samjitsingh
Title
CEO
Founder Name
Jared Dwarika
Title
COO

Financials

as of May 31, 2024
 Revenue
$5,051
 Monthly Burn
$63,200
 Runway
6.2 months

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$5,051

$7,687

COGS

$5,439

$13,712

Tax

$0

$0

 

 

Net Income

$-2,650,362

$-3,323,424

Summary Balance Sheet

FY 2024 FY 2023

Cash

$576,962

$7,256

Accounts Receivable

$3,746

$0

Total Assets

$1,014,947

$402,586

Short-Term Debt

$179,166

$174,318

Long-Term Debt

$1,307,945

$6,591,383

Total Liabilities

$1,487,111

$6,765,701

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$10,911,314
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/29/2025 Wefunder $13,000,000 $273,388 Equity - Preferred Active RegCF
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Add to portfolio
Health Care Originals on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $13,000,000
Price per Share: $1.52

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