Makani Science
Early Stage
Better Breathing, Better Health
Overview
Raised: $83,899
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/29/2022
Close Date
03/30/2023
Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$0.67
Pre-Money Valuation
$11,724,635
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$932
# of Investors
88
Momentum
Funded
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Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Makani Science, with a valuation of $11.72 million, is raising funds on StartEngine. The company is revolutionizing breathing monitoring with its novel, compact, and wireless system. The Respiration Monitor of Makani Science uses novel sensor technology to make breathing monitoring more accessible, accurate, convenient, and comfortable using wearable applications. Makani Science is in the pre-revenue stage and has been accepted into well-known accelerators, including Y-Combinator and MedTech Innovators. Michael Chu founded Makani Science in March 2018. The current crowdfunding campaign has a minimum target of $9,999.75 and a maximum target of $1.23 million. The campaign proceeds will be used to develop and launch the device.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-700,431 |
$-307,578 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$667,116 |
$645,937 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$667,116 |
$645,937 |
|
Short-Term Debt |
$4,788 |
$3,231 |
|
Long-Term Debt |
$480,000 |
$369,947 |
|
Total Liabilities |
$484,788 |
$373,178 |
Financials as of: 12/29/2022
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