Overview

Raised to Date: Raised: $195,939

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/21/2022

Close Date

01/20/2023

Min. Goal

$9,999

Max. Goal

$1,069,983

Min. Investment

$199

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    

Price Per Share

$2.24

Pre-Money Valuation

$19,478,258

Rolling Commitments ($USD)

Status

Funded

Reporting Date

01/30/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$1,633

# of Investors

116

Momentum

Funded

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Immergo Labs

Year Founded

2022

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Santa Cruz, California

Business Type

Growth

Company Website

Immergo Labs, with a valuation of $19.5 million, is raising funds on StartEngine. The company is building a virtual reality platform for physical therapists to provide care to patients remotely. It aims to build the first telehealth platform for physical therapy using 3D avatars and AI-generated measurements. Immergo Labs allows physical therapists to monitor patient avatars in real-time remotely with a VR setup and measure their strength, balance, and range-of-motion metrics. Michael Ora Powell, Aviv Elor, and Ash Robbins founded Immergo Labs in March 2022. The current crowdfunding campaign has a minimum target of $9,999.36 and a maximum target of $1,069,983.04. The campaign proceeds will be used for national and international launches of the platform and FDA approvals.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$60,000	$0
COGS	$0	$0
Tax	$0	$0
Net Income	$-9,193	$0

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$14,718	$0
Accounts Receivable	$0	$0
Total Assets	$14,718	$0
Short-Term Debt	$0	$0
Long-Term Debt	$0	$0
Total Liabilities	$0	$0

Financials as of: 09/21/2022

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Physical therapy (PT) is an extremely popular and beneficial form of treatment — 300 million sessions are performed annually in the US alone — but my friend’s complaint is pretty common. Sometimes, a patient’s commute takes up more time than the actual session. But since PT needs to be done in person, investing part of the day into traveling becomes inevitable. 

However, Immergo Labs is working to change that. It is building a digital platform where therapists and patients can meet remotely and hold PT sessions in virtual reality (VR), represented by avatars. In this VR world, therapists can monitor patients’ motor functions and mobility by measuring their range of motions in real time. The platform also utilizes artificial intelligence to track and predict joint movements. Eventually, it will automatically document a patient’s progress — saving therapists time and helping them plan their exercise programs better. 

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