iatrixAir
Early Stage
Automates indoor air quality
Overview
Raised: $27,520
Total Commitments ($USD)
Platform
Netcapital
Start Date
05/16/2022
Close Date
03/29/2024
Min. Goal
$10,001
Max. Goal
$423,750
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.20
Pre-Money Valuation
$4,200,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
118
% of Min. Goal
275%
% of Max. Goal
6%
Likelihood of Max
Avg. Daily Raise
$49
Momentum
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Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
iatrixAir, with a valuation of $4.2 million, is raising funds on Netcapital. The company has developed a patent-pending air sensor gateway and exchanger that detects, removes, and destroys airborne pathogens. The device will help automate the control of indoor air quality in commercial and public restrooms as well as sports locker rooms. Marc McConnaughey founded iatrixAir in March 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $423,750. The campaign proceeds will be used for Ciro design, Kasvva supply chain, lawyer fees, and building 10 EVT-Alpha units for customers.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-80,574 |
$-28,798 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,436 |
$192 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,436 |
$192 |
|
Short-Term Debt |
$110,730 |
$60,779 |
|
Long-Term Debt |
$0 |
$44,900 |
|
Total Liabilities |
$110,730 |
$105,679 |
Financials as of: 05/16/2022
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