MARCo Health
Early Stage
Accessible mental healthcare via compassionate robots
Overview
Raised: $60,874
Total Commitments ($USD)
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
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$5.00
Pre-Money Valuation
$7,680,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/01/2023
Days Remaining
Funded
% of Min. Goal
609%
% of Max. Goal
5%
Likelihood of Max
Funded
Avg. Daily Raise
$700
# of Investors
28
Momentum
Funded
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Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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.
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 |
Financials as of: 10/03/2022
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