NASCEND

NASCEND

Early Stage

Elevating Outcomes for Opioid Exposed Newborns

Elevating Outcomes for Opioid Exposed Newborns

Overview

Raised to Date: Raised: $283,850

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/01/2024

Close Date

07/30/2024

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

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,400,000

Valuation Cap

$6,000,000

Discount

10%

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/07/2024

Days Remaining

83

% of Min. Goal

568%

% of Max. Goal

23%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,957

# of Investors

20

Momentum
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Year Founded

2016

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B2C

Margin

High

Capital Intensity

Low

Location

LOUISVILLE, Kentucky

Business Type

Growth

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 2023 FY 2022

Revenue

$160,040

$8,476

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-88,379

$-222,279

Summary Balance Sheet

FY 2023 FY 2022

Cash

$150,358

$97,245

Accounts Receivable

$2,500

$0

Total Assets

$379,729

$409,884

Short-Term Debt

$180,446

$105,469

Long-Term Debt

$513,731

$526,694

Total Liabilities

$694,177

$632,163

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 07/29/2024 Wefunder $6,000,000 $283,850 SAFE Active RegCF
NASCEND 09/02/2023 StartEngine $5,799,534 $12,447 Equity - Common Not Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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NASCEND on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

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