About this raise
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.
Investment Overview
Invested $161,375 :
Deal Terms
Company & Team
Company
- Year Founded
- 2016
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -42.9% YoY
-
$83,183
as of FY2023
- Monthly Burn
-
$35,000
as of FY2023
-
Runway
-
19.5 months
as of
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- Yes
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
07/30/2024 | Wefunder | $6,000,000 | $161,375 | SAFE | Funded | RegCF |
09/03/2023 | StartEngine | $5,799,534 | $12,447 | Equity - Common | Not Funded | RegCF |
Growth Charts
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.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.