LiteraSeed
About this raise
LiteraSeed, with a valuation cap of $5 million, is raising funds on Wefunder. The company is strengthening the communication system in healthcare, so that lack of proper communication does not become a barrier to life-saving care. LiteraSeed offers a sound UX/UI-based system for patients to share visuals with doctors for better assessment. LiteraSeed was founded by Aziza Ismail in 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000, and the funds will be used for iterative product development, UX design and visuals, hiring a full-time software engineer, and insurance and legal expenses. LiteraSeed already has its pilots running with Valleywise and another provider in California.
Investment Overview
Invested : $61,778
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 07/30/2020
- Close Date
- 03/28/2021
$50,000
$250,000
$100
SAFE
Early Stage
RegCF
$3,200,000
$4,000,000
20%
Company & Team
Company
- Year Founded
- 2013
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/28/2021 | Wefunder | $4,000,000 | $61,778 | SAFE | Funded | RegCF |
Founder Interview
LiteraSeed Founder Aziza Ismail on Protecting the Vulnerable
Misunderstandings between healthcare providers and patients can lead to serious complications -- including death. Issues like language barriers and cognitive disorders increase the likelihood for such miscommunication. These patients are some of the most vulnerable, yet they can suffer the most insecurity in the American healthcare system.LiteraSeed has created a solution to address this insecurity. Through a graphic interface that provides visual aids, patients can report what they are experiencing to doctors. The patients receive recommendations based on what they reported, and doctors receive specific reports of what the patient is experiencing.
We spoke with founder Aziza Ismail about the all-too-personal experience that inspired her to make LiteraSeed as well as what potential investors should know about the company.
Note: This interview was conducted over email. It has been lightly edited for clarity and length.