Monte Sereno Health

Monte Sereno Health

Closed: Apr. 2024

About this raise

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.

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Investment Overview

Not Funded: $15,994

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
05/05/2023
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    Open SEC Filing

Early Bird Val. Cap

$20,000,000

Valuation Cap

$20,000,000

Discount

10%

Company & Team

Company

Year Founded
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
Location
GAITHERSBURG, Maryland
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Clement Okoh
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$11,528
 Runway
0.2 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$92,675
Grants
$600,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/25/2024 Wefunder $20,000,000 $15,994 SAFE Not Funded RegCF
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Monte Sereno Health on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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