NASCEND
Early Stage
The New Paradigm of Care for NAS
Overview
Raised: $12,447
Total Commitments ($USD)
Platform
StartEngine
Start Date
07/05/2023
Close Date
09/03/2023
Min. Goal
$14,993
Max. Goal
$1,199,995
Min. Investment
$247
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$12.36
Pre-Money Valuation
$5,799,534
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/04/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$207
# of Investors
22
Momentum
Not Funded
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Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
NASCEND, with a valuation of $5.8 million, is raising funds on StartEngine. The company provides training, education, and certification for healthcare providers caring for opioid-exposed infants (OEI). NASCEND has launched two apps with educational and training material to ensure better quality of care and medical outcomes for OEIs. NASCEND has provided training to over 7,000 healthcare providers and impacted 1.4 million infants and their families. Kathryn Dawn Forbes founded NASCEND in September 2016. The current crowdfunding campaign has a minimum target of $14,992 and a maximum target of $1.2 million. The campaign proceeds will be used for IT development, research and development, company employment, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$83,183 |
$145,783 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-288,758 |
$-191,024 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$125,245 |
$408,032 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$140,958 |
$424,025 |
|
Short-Term Debt |
$130,566 |
$176,573 |
|
Long-Term Debt |
$497,321 |
$523,543 |
|
Total Liabilities |
$627,887 |
$700,116 |
Financials as of: 07/05/2023
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