Kleiner Device Labs

Kleiner Device Labs

Closed: Apr. 2022

About this raise

Kleiner Device Labs, with a valuation of $28.5 million, is raising crowdfunding on Equifund CFP. The company is developing and patenting a revolutionary way of doing spinal surgeries with its KG1 bone graft delivery tool. The KG tool of Kleiner Device Labs increases the successful spinal fusion rate to 92% compared to 75% through other techniques. Dr. Jeffrey Kleiner founded Kleiner Device Labs in 2013. The proceeds of the current crowdfunding round, with a minimum raise of $24,997 and a maximum raise of $1,069,999, will be used for the launch of new products and marketing. Kleiner Device Labs’ KG device transforms the complex spinal surgery process into a simple one-step process. It also decreases blood loss, reduces the chances of infection, and shortens anesthesia time.

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Investment Overview

Invested this round: $1,069,999

Deal Terms

Total Commitments ($USD)

Platform
Equifund
Start Date
05/17/2021
Close Date
04/20/2022
Min. Goal
$24,997
Max Goal
$1,069,999
Min. Investment

$438

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.50

Pre-Money Valuation

$28,500,000

Company & Team

Company

Year Founded
2013
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Incline Village, Nevada
Business Type
Growth
Company Website
Visit Website

Team

Employees
11
Prior Founder Exits?
No
Founder Name
Jeff Kleiner
Title
President and CEO

Financials

 Revenue
$43,333
 Monthly Burn
$130,914
 Runway
1.1 months
Gross Margin
80%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$43,333

$29,812

COGS

$8,454

$6,348

Tax

$0

$0

 

 

Net Income

$-1,570,970

$-784,549

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$140,141

$173,413

Accounts Receivable

$6,920

$9,531

Total Assets

$585,816

$282,262

Short-Term Debt

$694,592

$863,509

Long-Term Debt

$6,724

$12,666

Total Liabilities

$701,316

$876,175

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/20/2022 Equifund $28,500,000 $1,069,999 Equity - Common Funded RegCF
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Add to portfolio
Kleiner Device Labs on Equifund CFP
Platform: Equifund
Security Type: Equity - Common
Valuation: $28,500,000
Price per Share: $3.50

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