Koning

Growth Stage

A better way of breast imaging

Analytics

Raised to Date: Raised: $512,976

Aggregate Commitments $

Platform

StartEngine

Start Date

08/01/2022

Close Date

12/30/2022

Min. Goal

$9,997

Max. Goal

$2,898,856

Min. Investment

$489

Security Type

Equity - Common

Funding Type

RegCF

Series

Series C

Price Per Share

$5.69

Pre-Money Valuation

$230,180,296

Rolling Commitments $

Status

Active

Reporting Date

12/09/2022

Days Remaining

21

% of Min. Goal

5,131%

% of Max. Goal

18%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,946

# of Investors

361

Momentum
cold.svg
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Location

Norcross, Georgia

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Koning, with a valuation of $230 million, is raising funds on StartEngine. The company has developed a revolutionary breast imaging technology that offers real isotropic 3D imaging. The Koning Breast CT creates high-contrast 3D breast images with high spatial resolution without the painful compression of mammograms. Koning has received approvals from FDA PMA, CFDA, CE Mark, and other global regulators and is designed for highly accurate early detection of breast cancer. Dr. Ruola Ning founded Koning in January 2002. The current crowdfunding campaign has a minimum target of $9,997.33 and a maximum target of $2,898,855.85. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$357,779

$3,089,624

COGS

$153,022

$417,340

Tax

$65

$5,085

 

 

Net Income

$-4,869,465

$-1,135,429

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$522,412

$1,099,408

Accounts Receivable

$322,892

$777,636

Total Assets

$26,507,126

$27,843,270

Short-Term Debt

$3,768,501

$4,358,049

Long-Term Debt

$5,355,334

$5,198,730

Total Liabilities

$9,123,835

$9,556,779

Financials as of: 08/01/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Koning 12/30/2022 StartEngine $230,180,296 $512,976 Equity - Common Active RegCF
Koning 01/18/2022 Republic $200,000,000 $2,135,386 SAFE Funded RegCF
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Ratings KingsCrowd Startup Rating Methodology Article

Analyst Report Analyst Report Methodology Article

Koning’s machines can reliably detect stage 0 and stage 1 cancers. Just how significant is this? Detecting breast cancer at stages 0 or 1 gives patients a 99% five-year survival rate. Its imaging technology can also detect small calcifications and small tumors in patients with small or dense breasts — something current mammograms struggle with. Calcifications, by the way, are often an early indicator of breast disease.

This changes the game. Mammography has ruled the industry for 60 years. While flawed, it was — for its time — the best technology available. That’s no longer the case. 

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Koning on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $230,180,296
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