NASCEND (2024)

NASCEND (2024)

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.

Expand

Investment Overview

Invested this round: $161,375

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
02/02/2024
Close Date
07/30/2024
Min. Goal
$50,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,400,000

Valuation Cap

$6,000,000

Discount

10%

Company & Team

Company

Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
High
Capital Intensity
Low
Location
LOUISVILLE, Kentucky
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Dawn Forbes
Title
CEO

Financials

 Revenue -42.9% YoY
$83,183
as of FY2023
 Monthly Burn
$35,000
as of FY2023
 Runway
19.5 months
as of

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

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

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
Create a free account today to gain access to Kingscrowd analytics.

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.

Employee History

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
NASCEND on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

Follow company

Follow NASCEND on Wefunder 2024

Buy NASCEND's Deal Report

Warning: according to the close date for this deal, NASCEND may no longer be accepting investments.

NASCEND Deal Report

Get Kingscrowd's comprehensive report on NASCEND including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether NASCEND is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the NASCEND deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge