MedCoShare

MedCoShare

Closed: Jan. 2022

About this raise

MedCoShare, with a $5 million valuation cap, is raising crowdfunding on Wefunder. The company provides flexible shared working spaces for healthcare providers and doctors. The coworking spaces are available on a short-term or part-time basis, are affordable, and come with all basic utilities and support. Ronak Vyas founded MedCoShare in 2019. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $975,000, and the proceeds will be used towards growth, marketing, payroll, tech development, and costs associated with opening new locations. MedCoShare has six clients and increasing demand due to healthcare trends. The company has been featured in five local and national business publications.

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Investment Overview

Invested this round: $373,051

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
01/01/2021
Close Date
01/31/2022
Min. Goal
$50,000
Max Goal
$975,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$4,000,000

Valuation Cap

$5,000,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
Proptech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
Philadelphia, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Amit Mundade
Title
COO
Founder Name
Gregory Goldmacher
Title
CTO
Founder Name
Anthony Khan
Title
CFO
Founder Name
Ronak Vyas
Title
CEO

Financials

 Revenue
$7,591
 Monthly Burn
$3,661
 Runway
19.4 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$7,591

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-43,937

$-11,744

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$70,955

$188,336

Accounts Receivable

$0

$0

Total Assets

$144,319

$188,336

Short-Term Debt

$0

$80

Long-Term Debt

$0

$0

Total Liabilities

$0

$80

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/31/2022 Wefunder $5,000,000 $373,051 SAFE Funded RegCF
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Add to portfolio
MedCoShare on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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

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