MedVector

MedVector

Early Stage

Access advanced medicine

Access advanced medicine

Overview

Raised this Round: Raised: $62,360

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/21/2024

Close Date

08/19/2024

Min. Goal
$15,000
Max. Goal
$618,000
Min. Investment

$500

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$25,000,000

Discount

12%

Year Founded

2017

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

El Segundo, California

Business Type

Growth

MedVector, with a valuation of $25 million, is raising funds on StartEngine. It is a telemedicine platform that aims to accelerate clinical trials. MedVector’s platform connects subjects from across the world to clinical trial sites and increases participation in clinical trials. The platform is actively working with 20 clinical trial sites and is the official partner of the State of Delaware’s Health Information Network for clinical research. Scott Stout founded MedVector in December 2017. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $618,000. The campaign proceeds will be used for marketing, company employment, operations, research and development, and inventory.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-704,633

$-653,737

Summary Balance Sheet

FY 2023 FY 2022

Cash

$64,386

$430,542

Accounts Receivable

$0

$0

Total Assets

$411,528

$759,063

Short-Term Debt

$392,239

$360,140

Long-Term Debt

$0

$0

Total Liabilities

$392,239

$360,140

Financials as of: 05/21/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
MedVector 08/18/2024 StartEngine $25,000,000 $62,360 Convertible Note Active RegCF
MedVector 07/28/2021 StartEngine $10,000,000 $906,238 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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MedVector on StartEngine 2024
Platform: StartEngine
Security Type: Convertible Note
Valuation: $25,000,000

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