Magnabid

Magnabid

Early Stage

Matching Patients with Quality Doctors

Matching Patients with Quality Doctors

Overview

Raised this Round: Raised: $121,393

Platform

StartEngine

Start Date

03/30/2017

Close Date

08/23/2017

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$350

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.35

Pre-Money Valuation

$3,500,000

Year Founded

2015

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Location

Beverly Hills, California

Magnabid, with a valuation of $3.5 million, is raising funds on StartEngine. The company has developed a platform that matches patients with quality doctors. With Magnabid’s online marketplace, users simply name their price for the medical or cosmetic procedure they need, and the platform will match them with a quality doctor’s offer. The business is currently focused on the medical and cosmetic market in Los Angeles and plans to grow nationally and globally. Pez Zarifian founded Magnabid in November 2015. The current crowdfunding campaign has a minimum target of $9,999.85 and a maximum target of $1.07 million. The campaign proceeds will be used for doctor acquisition, patient acquisition, technology improvements, and professional services.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2016 FY 2015

Cash

$104

$395

Accounts Receivable

$0

$0

Total Assets

$104

$395

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 03/30/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Magnabid 09/07/2018 StartEngine $4,000,000 $18,108 Equity - Common Funded RegCF
Magnabid 06/12/2018 StartEngine $3,621,393 $28,549 Equity - Common Not Funded RegCF
Magnabid 08/22/2017 StartEngine $3,500,000 $121,393 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Funding data not publicly available

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Add to portfolio
Magnabid on StartEngine 2017
Platform: StartEngine
Security Type: Equity - Common
Valuation: $3,500,000
Price per Share: $0.35

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