NASCEND

NASCEND

Early Stage

Elevating Outcomes for Opioid Exposed Newborns

Elevating Outcomes for Opioid Exposed Newborns

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/01/2024

Close Date

04/28/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,400,000

Valuation Cap

$6,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/29/2024

Days Remaining

59

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
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Year Founded

2016

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Location

LOUISVILLE, Kentucky

NASCEND, with a valuation of $6 million, is raising funds on Wefunder. The company has developed a platform that aims to elevate outcomes for opioid-exposed newborns. NASCEND provides technology-based clinical solutions for healthcare providers and includes NASCEND AssessPro, NASCEND Lullaby, and NASCEND Learn to transform outcomes and reduce costs for a better future for opiate-affected newborns. The business is working to mitigate a public health crisis and has had significantly positive outcomes. Dawn Forbes founded NASCEND in March 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product optimization, new development, operations and scale, hiring, launching new products, and marketing.

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: 02/01/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
NASCEND 04/28/2024 Wefunder $6,000,000 $0 SAFE Active RegCF
NASCEND 09/02/2023 StartEngine $5,799,534 $12,447 Equity - Common Not Funded RegCF
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NASCEND on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

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