Kleiner Device Labs
Early Stage
Patented devices that allow spine surgery to be less painful, less expensive, and provide better outcomes
Overview
Raised: $1,069,999
Total Commitments ($USD)
Platform
Equifund CFP
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
Price Per Share
$3.50
Pre-Money Valuation
$28,500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,166
# of Investors
681
Momentum
Funded
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Year Founded
2013
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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.
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 |
Financials as of: 05/17/2021
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