Kleiner Device Labs
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.
Investment Overview
Invested $1,069,999 :
Deal Terms
Company & Team
Company
- Year Founded
- 2013
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
- $43,333
- Monthly Burn
- $130,914
-
Runway
- 1.1 months
- Gross Margin
- 80%
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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 |