iatrixAir

iatrixAir

Closed: Mar. 2024

About this raise

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.

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Investment Overview

Invested this round: $27,520

Deal Terms

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    Open SEC Filing

Price Per Share

$1.20

Pre-Money Valuation

$4,200,000

Company & Team

Company

Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Temecula, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
Yes
Founder Name
Marc McConnaughey
Title
President, CEO

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$6,715
 Runway
0.2 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$35,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/29/2024 Netcapital $4,200,000 $27,520 Equity - Common Funded RegCF
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Add to portfolio
iatrixAir on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $4,200,000
Price per Share: $1.20

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Follow iatrixAir on NetCapital 2022

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Warning: according to the close date for this deal, iatrixAir may no longer be accepting investments.

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