Korion Health
Early Stage
Medical Devices
Overview
Raised: $51,945
Total Commitments ($USD)
Platform
Honeycomb
Start Date
04/25/2023
Close Date
06/25/2023
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/10/2023
Days Remaining
15
% of Min. Goal
104%
% of Max. Goal
21%
Likelihood of Max
Avg. Daily Raise
$1,129
# of Investors
72
Momentum
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Year Founded
2022
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Korion Health, with a valuation of $15 million, is raising funds on Honeycomb. The company is developing the first guided, at-home electronic stethoscope. The stethoscope will bridge the gap between patients and healthcare providers and empower people to get their own heart and lung sound screenings from the comfort of their homes. Korion Health is partnering with local Pittsburgh organizations to create the stethoscope for consumer use and then pair it with a web app. The company has signed an LOI with a telemedicine company for 50,000 of its stethoscopes and has won first place in the John Hopkins Healthcare Innovation Challenge Digital Health Track. Anna Li founded Korion Health in June 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $250,000. The campaign proceeds will be used for hardware development, software development, legal fees, pilot testing, and FDA approval.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$2,000 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-9,385 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$3,115 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,115 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 04/25/2023
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