Nicolette

Nicolette

[Closed for Investment] Nicolette, with a valuation of $9.5 million, is raising funds on Wefunder. The company has developed a platform to empower patients and their caregivers with data, education, and participation tools. The technology transforms raw health data into updates, insights, and curated education. Nicolette has competitive advantages, including patent-pending technology, EHR integration, network effects, and first-mover. Phil Martie, Michel Mikhael, and Seth Brickman founded Nicolette in October 2016. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,070,000. The campaign proceeds will be used to expand the product into remote and telehealth capabilities and fund sales and marketing.

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Investment Overview

Raised this Round: Raised: $117,665

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/17/2021
Close Date
01/17/2022
Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$8,000,000

Valuation Cap

$9,500,000

Discount

20%

Company & Team

Company

Year Founded
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Long Beach, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No

Financials

 Revenue
$25,000
 Monthly Burn
$22,967
 Runway
0 months
Gross Margin
9%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$25,000

$0

COGS

$22,860

$19,820

Tax

$1,200

$1,200

 

 

Net Income

$-275,604

$-340,061

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,100

$5,009

Accounts Receivable

$0

$0

Total Assets

$19,653

$25,508

Short-Term Debt

$15,313

$0

Long-Term Debt

$467,599

$213,162

Total Liabilities

$482,912

$213,162

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/17/2022 Wefunder $9,500,000 $117,665 Convertible Note Funded RegCF
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Founder Profile

Nicolette Founder Phil Martie on Empowering Patients and Their Families

Medical professionals undergo extensive training in order to provide the best care possible. But patients don’t always have the training or information available to successfully navigate their own healthcare. As a result, they might not have a full understanding of what their options are and which decisions are best for their health. This can potentially cost patients their money and their health.

Nicolette aims to solve this problem by informing patients and their caregivers, giving them confidence to choose the best care possible. The company’s first product, NicoBoard, is designed for parents of newborn intensive care unit (NICU) babies. Its features allow parents to educate themselves, make informed decisions, and share their journey with others through videos, diary entries, and more. We reached out to co-founder and CEO Phil Martie to gain insight into the inspiration behind the company and how the team came together.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview

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Nicolette on Wefunder 2021
Platform: Wefunder
Security Type: Convertible Note
Valuation: $9,500,000

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Follow Nicolette on Wefunder 2021

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

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