About this raise

Monogram Orthopedics, with a valuation of $155 million, is raising funds on DealMaker Securities. The company is developing a product solution architecture to allow the personalization of orthopedic implants. Monogram Orthopaedics uses 3D printing and robotics through automated digital image analysis algorithms. The Monogram Knee System has won FDA approval and is solving real problems by revolutionizing joint replacement technology. Dr. Douglas Unis founded Monogram Orthopaedics in 2016. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $5,000,000. The campaign proceeds will be used for research and development.

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Investment Overview

Invested this round: $4,599,145

Deal Terms

Total Commitments

Platform
DealMaker Securities
Start Date
07/15/2022
Close Date
03/16/2023
Min. Goal
$100,000
Max Goal
$5,000,000
Min. Investment

$500

Security Type

Equity - Preferred

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.01

Pre-Money Valuation

$155,000,000

Company & Team

Company

Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
High
Location
Austin, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
16
Prior Founder Exits?
No
Founder Name
Douglas Unis
Title
Chief Medical Officer

Financials

 Revenue
$628,246
 Monthly Burn
$984,581
 Runway
5.6 months
 Gross Margin
27%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$628,246

$0

COGS

$458,675

$0

Tax

$0

$0

 

 

Net Income

$-11,814,968

$-9,068,006

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$5,535,710

$5,586,748

Accounts Receivable

$0

$0

Total Assets

$8,715,366

$8,115,888

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Higher precision and faster surgeries. That’s the name of the game with Monogram.

At first glance, this may seem too futuristic (and borderline impossible).  

I’m here to tell you that Monogram has nearly done it. The company is conducting live surgical demonstrations of its robot for the orthopedic community and is gearing up for FDA submission.  

Once the company’s robot is approved by the FDA, Monogram will launch its first-generation knee offering with generic implants. Once this has been successfully rolled out to hospitals, the company will release its second generation of implants: 3D-printed implants that closely match a patient's anatomy and stand to disrupt this space in a major way.  

Company Funding & Growth

Funding history

Total Prior Capital Raised
$40,348,853
Grants
$256,000
VC Backed?
Yes
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Monogram Orthopedics 05/23/2023 DealMaker Securities $246,000,000 $15,958,364 Equity - Common Funded RegA+
Monogram Orthopedics 04/28/2023 Republic $246,000,000 $232,275 Equity - Common Funded RegA+
Monogram Orthopedics 03/16/2023 DealMaker Securities $155,000,000 $4,599,145 Equity - Preferred Funded RegCF
Monogram Orthopaedics 02/18/2022 StartEngine $89,000,000 $23,648,853 Equity - Preferred Funded RegA+
Monogram Orthopaedics 01/16/2021 StartEngine $89,900,000 $2,965,501 Equity - Preferred Funded Test the Waters / RegA+
Monogram Orthopaedics 03/31/2020 SeedInvest $21,250,000 $14,588,668 Equity - Preferred Funded RegA+
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Growth Charts

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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Add to portfolio
Monogram Orthopedics on DealMaker Securities 2022
Platform: DealMaker Securities
Security Type: Equity - Preferred
Valuation: $155,000,000
Price per Share: $10.01

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

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