Neureka for Epilepsy

Neureka for Epilepsy

Closed: Apr. 2023

About this raise

Neureka for Epilepsy, with a valuation of $25 million, is raising funds on Republic. The company provides AI-powered wearable devices for on-demand epilepsy care. The wearable device captures health data, connects patients with their care teams, and empowers doctors with data to make better treatment decisions. Neureka for Epilepsy is backed by ten years of R&D and is accelerating its epilepsy center partnerships and B2C market traction. Ray Iskander and Parisa Sabetian founded Neureka for Epilepsy in February 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for new product marketing, research and development, new hires, and general working capital.

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Investment Overview

Invested this round: $87,101

Deal Terms

Total Commitments

Platform
Republic
Start Date
02/14/2023
Close Date
04/15/2023
Min. Goal
$25,000
Max Goal
$1,235,000
Min. Investment

$150

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$25,000,000

Discount

20%

Company & Team

Company

Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Alameda, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Ray Iskander
Title
CEO
Founder Name
Parisa Sebetian
Title
Chief Scientific Officer

Financials

 Revenue
$0
as of FY2021
 Monthly Burn
$116,125
as of FY2021
 Runway
2.4 months
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,393,497

$-962,316

Summary Balance Sheet

FY 2021 FY 2020

Cash

$281,299

$64,459

Accounts Receivable

$0

$0

Total Assets

$286,340

$71,179

Short-Term Debt

$50,065

$34,704

Long-Term Debt

$20,171

$42,167

Total Liabilities

$70,236

$76,871

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$4,500,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/15/2023 Republic $25,000,000 $87,101 SAFE Funded RegCF
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Add to portfolio
Neureka for Epilepsy on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $25,000,000

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