itracHEALTH
Early Stage
eNURSE, the smart personal health assistant for at risk patients living at home.
Overview
Raised: $89,158
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/20/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$14,000,000
Valuation Cap
$15,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/10/2023
Days Remaining
324
% of Min. Goal
178%
% of Max. Goal
7%
Likelihood of Max
Avg. Daily Raise
$1,748
# of Investors
32
Momentum
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Year Founded
2015
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
itracHEALTH, with a valuation of $15 million, is raising funds on Wefunder. The company has developed a smart personal health assistant for at-risk patients living at home. The personal health assistant, eNURSE, aims to revolutionize chronic care at home and change the lives of patients, medical professionals, and caregivers. itracHEALTH is based on patented technology and will be based on a subscription-based model with multiple revenue streams. Cesar Garcia founded itracHEALTH in October 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, FDA and regulatory expenses, marketing, manufacturing, procurement of more inventory, and product launch acceleration.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$10,912 |
$9,367 |
| ||
| ||
|
Net Income |
$-497,756 |
$-305,724 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$67,964 |
$14,603 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,443,786 |
$1,164,950 |
|
Short-Term Debt |
$260,485 |
$236,271 |
|
Long-Term Debt |
$3,457,550 |
$2,844,799 |
|
Total Liabilities |
$3,718,035 |
$3,081,070 |
Financials as of: 04/20/2023
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