MedWave Software Solutions

MedWave Software Solutions

Closed: Apr. 2022

About this raise

MedWave Software Solutions, with a valuation of $57.3 million, is raising funds on Wefunder. The company has developed a proprietary platform, HarmoniMD, that helps save lives through improved healthcare delivery. The system is easy to use, multilingual, and affordable for hospitals in need of electronic solutions. MedWave Software Solutions is making waves in the healthcare industry and has been voted as the number one electronic health records platform in LATAM for two years in a row. Dan Smith founded MedWave Software Solutions in March 2012. The current crowdfunding campaign has a minimum target of $100,001 and a maximum target of $1,069,997. The campaign proceeds will be used for marketing, software development support, sales and implementation team building, and hiring regional managers.

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Investment Overview

Invested this round: $265,756

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
08/27/2021
Close Date
04/30/2022
Min. Goal
$100,001
Max Goal
$1,069,997
Min. Investment

$450

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.50

Early Bird Valuation

$45,831,704

Pre-Money Valuation

$57,289,631

Company & Team

Company

Year Founded
2012
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Location
Sebastopol, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
20
Prior Founder Exits?
No
Founder Name
Dan Smith
Title
Founder and CEO
Founder Name
Nicholas Smith
Title
CTO

Financials

 Revenue
$68,968
 Monthly Burn
$224,204
 Runway
3.1 months
Gross Margin
37%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$68,968

$40,905

COGS

$43,134

$50,551

Tax

$0

$0

 

 

Net Income

$-2,690,442

$-2,531,355

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$698,148

$1,185,956

Accounts Receivable

$14,973

$2,913

Total Assets

$3,771,843

$5,075,216

Short-Term Debt

$407,568

$228,612

Long-Term Debt

$936,695

$1,337,892

Total Liabilities

$1,344,263

$1,566,504

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2022 Wefunder $57,289,631 $265,756 Equity - Common Funded RegCF
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MedWave Software Solutions on Wefunder 2021
Platform: Wefunder
Security Type: Equity - Common
Valuation: $57,289,631
Price per Share: $4.50

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