Marion Surgical

Marion Surgical

[Closed for Investment] Marion Surgical, with a valuation of $2 million, is raising funds on NetCapital. The company is developing an innovative hardware solution for realistic simulations for surgeons. Marion Surgical’s portable hardware solution uses augmented reality and virtual reality with haptics to create simulations that help enhance surgeons’ skills in a safe and virtual environment. The company is building a new standard in surgical training and has the exclusive rights to bring the patented technology to the Department of Defense. Benjamin Sainsbury founded Marion Surgical in August 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1 million. The campaign proceeds will be used for intellectual property, advertising, operational expenses, and research and development.

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Investment Overview

Raised this Round: Raised: $0

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
09/25/2024
Close Date
12/06/2024
Min. Goal
$10,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$20.00

Pre-Money Valuation

$2,006,100

Company & Team

Company

Year Founded
2015
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Buffalo, New York
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Ben Sainsbury
Title
Chief Executive Officer

Funding data not publicly available

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$850
 Runway
1.1 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$972

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-10,202

$27

Summary Balance Sheet

FY 2023 FY 2022

Cash

$965

$24

Accounts Receivable

$0

$0

Total Assets

$965

$24

Short-Term Debt

$0

$0

Long-Term Debt

$6,101

$17,245

Total Liabilities

$6,101

$17,245

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$933,300
Grants
$8,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/06/2024 Netcapital $2,006,100 $0 Equity - Common Not Funded RegCF
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Add to portfolio
Marion Surgical on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $2,006,100
Price per Share: $20.00

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Follow Marion Surgical on NetCapital 2024

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

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