Hera Health Solutions
Early Stage
Proprietary biodegradable drug delivery implants.
Overview
Raised: $107,000
Total Commitments ($USD)
Platform
Microventures
Start Date
06/24/2019
Close Date
07/30/2019
Min. Goal
$50,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
Equity - Preferred
SEC Filing Type
RegCF
Price Per Share
$5.00
Pre-Money Valuation
$4,200,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2019
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,892
# of Investors
239
Momentum
Funded
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Year Founded
2017
Industry
Healthcare & Pharmaceuticals
Tech Sector
Location
Frisco, Texas
Hera Health Solutions, with a pre-money valuation of $4.2 million, is raising funds on MicroVentures. It is a leading pharmaceutical company focusing on subcutaneous and biodegradable drug delivery implants. The product is Hera Health Solutions’ proprietary technology and gets resorbed into the body after the drug or hormone of choice is released. Hera Health Solutions was founded by Idicula Mathew and Garrett Whitfield in 2017. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $107,000, and the proceeds will be used to pay the costs associated with the FDA and WHO approvals, research & development, regulatory development, and manufacturing. Hera Health Solutions has already received $100,000 in seed funding and has won a $10,000 prize at the Get Started Louisiana Pitch Night.
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