Korion Health

Korion Health

Closed: Jul. 2023

About this raise

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.

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Investment Overview

Invested this round: $150,900

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
04/25/2023
Close Date
07/07/2023
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

0%

Company & Team

Company

Year Founded
2022
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
PITTSBURGH, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
15
Prior Founder Exits?
No
Founder Name
Anna Li
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue
$2,000
 Monthly Burn
$782
 Runway
4 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/07/2023 Honeycomb $15,000,000 $150,900 SAFE Funded RegCF
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Add to portfolio
Korion Health on Honeycomb 2023
Platform: Honeycomb
Security Type: SAFE
Valuation: $15,000,000

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Warning: according to the close date for this deal, Korion Health may no longer be accepting investments.

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