Koios Medical

Koios Medical

Growth Stage

AI-powered software diagnosing cancer

AI-powered software diagnosing cancer

Overview

Raised to Date: Raised: $310,500

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/03/2024

Close Date

06/30/2024

Min. Goal
$300,000
Max. Goal
$1,235,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.01

Pre-Money Valuation

$60,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/18/2024

Days Remaining

42

% of Min. Goal

104%

% of Max. Goal

25%

Likelihood of Max
unlikely
Avg. Daily Raise

$6,900

Momentum
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Year Founded

2011

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

New York, New York

Business Type

High Growth

Koios Medical, with a valuation of $60 million, is raising funds on Wefunder. The company has developed AI-powered software for diagnosing cancer. Koios Medical is combining AI and medical imaging to disrupt radiology with its SmartUltrasound. SmartUltrasound is scalable, accurate, simple, and fast, and helps in thyroid analysis, breast analysis, and auto-generation of reports. The technology has cleared FDA and CE mark hurdles and is reimbursement-eligible. Chad McClennan founded Koios Medical in April 2011. The current crowdfunding campaign has a minimum target of $1 million and a maximum target of $5 million. The campaign proceeds will be used for automation, working capital, product expansion, talent acquisition, data acquisition, and contingency.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$335,214

$87,135

COGS

$140,732

$189,023

Tax

$0

$2,303

 

 

Net Income

$-5,574,800

$-5,505,652

Summary Balance Sheet

FY 2023 FY 2022

Cash

$2,123,822

$58,287

Accounts Receivable

$132,356

$33,029

Total Assets

$2,566,335

$429,737

Short-Term Debt

$1,038,166

$1,432,856

Long-Term Debt

$0

$9,315,225

Total Liabilities

$1,038,166

$10,748,081

Financials as of: 04/03/2024
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Koios Medical on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $60,000,000
Price per Share: $4.01

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