Koios Medical
Growth Stage
AI-powered software diagnosing cancer
Overview
Raised: $146,500
Total Commitments ($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
Price Per Share
$4.01
Pre-Money Valuation
$60,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/09/2024
Days Remaining
51
% of Min. Goal
49%
% of Max. Goal
12%
Likelihood of Max
Avg. Daily Raise
$4,069
Momentum
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Year Founded
2011
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
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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