Intelomed

Intelomed

Closed: Jan. 2023

About this raise

Intelomed, with a valuation of $28.1 million, is raising funds on StartEngine. The company is developing a contactless patient-monitoring device to improve telehealth treatment outcomes. The technology of Intelomed uses the camera of a smartphone combined with its Mobile Cardiovascular Insight to measure the microchanges in a patient’s facial color to provide valuable diagnostics to clinicians. Intelomed is led by an experienced team and aims to improve treatment capabilities drastically. William P. Malloy founded Intelomed in February 2005. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $1.07 million. The campaign proceeds will be used to pursue FDA clearance.

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Investment Overview

Not Funded: $98,095

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
10/11/2022
Close Date
01/10/2023
Min. Goal
$10,000
Max Goal
$1,069,999
Min. Investment

$101

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.20

Pre-Money Valuation

$28,087,014

Company & Team

Company

Year Founded
2005
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Cranberry Township, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
William Malloy
Title
CEO

Financials

 Revenue
$33,203
 Monthly Burn
$105,537
 Runway
2.5 months
Gross Margin
89%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$33,203

$14,150

COGS

$3,752

$70

Tax

$0

$0

 

 

Net Income

$-1,266,445

$-1,265,112

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$267,374

$738,197

Accounts Receivable

$14,760

$3,440

Total Assets

$513,556

$991,820

Short-Term Debt

$108,150

$102,511

Long-Term Debt

$5,334,624

$4,552,082

Total Liabilities

$5,442,774

$4,654,593

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$4,090,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/10/2023 StartEngine $28,087,014 $98,095 Equity - Preferred Not Funded RegCF
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Add to portfolio
Intelomed on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $28,087,014
Price per Share: $1.20

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Follow Intelomed on StartEngine 2022

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

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