JuneBrain
Early Stage
Empowering eye care and neurology communities
Overview
Raised: $54,808
Total Commitments ($USD)
Platform
Republic
Start Date
12/30/2022
Close Date
03/04/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$8,000,000
Discount Rate
15%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
29
% of Min. Goal
219%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$1,612
# of Investors
93
Momentum
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Location
Baltimore, Maryland
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Capital Intensity
JuneBrain, with a valuation of $8 million, is raising funds on Republic. The company is empowering eye care and neurology communities with its remote disease monitoring solutions. JuneBrain is making advancements in retinal imaging with its automated, high-performance, and intelligent system used for imaging and analysis of retina structure and microvasculature. The company has been awarded $1.5 million in grants from the National Science Foundation and generated revenue of $704,000 in 2022. Samantha Scott founded JuneBrain in July 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for launching the hardware and software, developing strategic partnerships, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$139,921 |
$-96,495 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$231,098 |
$13,225 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$231,098 |
$13,225 |
|
Short-Term Debt |
$39,422 |
$61,477 |
|
Long-Term Debt |
$150,000 |
$50,000 |
|
Total Liabilities |
$189,422 |
$111,477 |
Financials as of: 12/30/2022
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