Monte Sereno Health
Early Stage
AI-Powered Healthcare Throughout Africa
Overview
Raised: $64,694
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/04/2023
Close Date
04/25/2024
Min. Goal
$50,000
Max. Goal
$1,200,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$20,000,000
Valuation Cap
$20,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/18/2024
Days Remaining
7
% of Min. Goal
129%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$185
# of Investors
27
Momentum
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Year Founded
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
Monte Sereno Health, with a valuation of $20 million, is raising funds on Wefunder. The company has partnered with Amazon and Access Bank to provide AI-powered healthcare throughout Africa. The app aims to increase healthcare access for the poor and decrease the associated costs by 30-50% with its higher care quality, utilization, and availability. Monte Sereno Health’s AI doctor is UK-NHS-proven that proactively manages health and chronic diseases at a low-cost Mayo Clinic design. Clement Okoh founded Monte Sereno Health in June 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.2 million. The campaign proceeds will be used for marketing and sales, platform development, operations, and legal and consulting fees.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$1,059 |
$0 |
| ||
| ||
|
Net Income |
$-138,340 |
$-37,607 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$2,406 |
$19,405 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,406 |
$19,405 |
|
Short-Term Debt |
$85,678 |
$7,500 |
|
Long-Term Debt |
$92,675 |
$49,512 |
|
Total Liabilities |
$178,353 |
$57,012 |
Financials as of: 05/04/2023
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