MedFire Innovations

MedFire Innovations

Closed: Mar. 2023

About this raise

MedFire Innovations is raising funds on CrowdFund Mainstreet. The company develops and launches products aimed at improving the lives of patients and healthcare providers. The products of MedFire Innovations deliver solutions that cater to common patient concerns and needs of healthcare workers to protect themselves and perform procedures successfully. The key products of MedFire Innovations to date include Path-O-Wrap, The Williams Key, Recopad, and Self-pap. Gregory Christmas founded MedFire Innovations in June 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for research and development, marketing and advertising, hiring, ongoing operations, product and device manufacturing, website development, and trade show marketing.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
CrowdFund Mainstreet
Start Date
03/02/2023
Close Date
03/15/2023
Min. Goal
$50,000
Max Goal
$1,000,000
Min. Investment

$500

Security Type

Equity - Preferred

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$1,000,000

Company & Team

Company

Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
San Diego, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Gregory Christmas
Title
CEO

Funding data not publicly available

Financials

 Revenue
$21,762
as of FY2021
 Cash on Hand
$27,408
as of FY2021
 Gross Margin
19%
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$21,762

$187,068

COGS

$17,573

$102,687

Tax

$2,268

$800

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2021 FY 2020

Cash

$27,408

$32,059

Accounts Receivable

$0

$0

Total Assets

$99,984

$96,275

Short-Term Debt

$32,998

$31,443

Long-Term Debt

$101,762

$94,289

Total Liabilities

$134,760

$125,732

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/15/2023 CrowdFund Mainstreet $1,000,000 $0 Equity - Preferred Not Funded RegCF
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Add to portfolio
MedFire Innovations on CrowdFund Mainstreet 2023
Platform: CrowdFund Mainstreet
Security Type: Equity - Preferred
Valuation: $1,000,000
Price per Share: $10.00

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Follow MedFire Innovations on CrowdFund Mainstreet 2023

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

MedFire Innovations Deal Report

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