LeanMed

Early Stage

Medical device company on a mission to bring essential treatment to 1.2B people.

Analytics

Raised to Date: Raised: $85,942

Aggregate Commitments $

Platform

Wefunder

Start Date

12/20/2021

Close Date

08/05/2022

Min. Goal

$80,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$5,000,000

Discount Rate

0%

Rolling Commitments $

Status
Funded
Reporting Date

08/10/2022

Days Remaining
Funded
% of Min. Goal

107%

% of Max. Goal

34%

Likelihood of Max
Funded
Avg. Daily Raise

$377

Momentum
Funded
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Location

Greensburg, Pennsylvania

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

Growth

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: 12/20/2021
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LeanMed on Wefunder 2021
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Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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