MARCo Health

MARCo Health

Closed: Dec. 2022

About this raise

MARCo Health, with a valuation of $7.73 million, is raising funds on StartEngine. The company is developing its flagship therapeutic robot for mental health assistance. The aim of MARCo Health is to provide personalized care to people struggling with anxiety, depression, stress, and other mental health issues through accessible and adorable mental health companions. MARCo uses AI to have conversations with users and provides personalized care through companionship, biofeedback, talk support, guided meditation, and high alert outreach. Jacob Boyle founded MARCo Health in February 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,235,000. The campaign proceeds will be used for scaling the production and marketing efforts.

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Investment Overview

Invested this round: $60,874

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
10/03/2022
Close Date
12/29/2022
Min. Goal
$10,000
Max Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$7,680,000

Company & Team

Company

Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Hillsdale, New Jersey
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Jacob Boyle
Title
CEO

Financials

 Revenue
$27,200
 Monthly Burn
$1,148
 Runway
0.2 months
 Gross Margin
45%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$993

$910

COGS

$551

$677

Tax

$0

$0

 

 

Net Income

$-13,777

$-18,007

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$267

$1,214

Accounts Receivable

$0

$0

Total Assets

$23,598

$29,388

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$175,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/29/2022 StartEngine $7,680,000 $60,874 Equity - Common Funded RegCF
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Add to portfolio
MARCo Health on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $7,680,000
Price per Share: $5.00

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Follow MARCo Health on StartEngine 2022

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Warning: according to the close date for this deal, MARCo Health may no longer be accepting investments.

MARCo Health Deal Report

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