LeanMed
Early Stage
Medical device company on a mission to bring essential treatment to 1.2B people.
Overview
Raised: $85,442
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/19/2021
Close Date
08/05/2022
Min. Goal
$80,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$375
# of Investors
68
Momentum
Funded
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Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
LeanMed, with an $5 million valuation, is raising funds on Wefunder. The company is taking medical products that are used in U.S./EU homes, over-the-counter devices or discontinued product lines to innovate and re-purpose them for life in the rural health centers. The O2 Cube is the first example this. It is a solar powered micro oxygen product that has just been recognized by the WHO as a 2021 Innovative Health Technology for Low Resource Settings as it uses solar energy to power refurbished oxygen concentrators and compressors that bring medical oxygen. The company was founded by Mark. The current round of crowdfunding has a minimum raise of $160,000 and a maximum raise of $250,000. The proceeds will be used for engineering, build, ship and install, and marketing support services.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$4,000 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-919 |
$-1,062 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$111 |
$981 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$14,706 |
$15,005 |
|
Short-Term Debt |
$4,000 |
$2,000 |
|
Long-Term Debt |
$8,685 |
$8,065 |
|
Total Liabilities |
$12,685 |
$10,065 |
Financials as of: 12/19/2021
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