Novuson Surgical

Novuson Surgical

Early Stage

Soundly Simplifying Surgery

Soundly Simplifying Surgery

Overview

Raised to Date: Raised: $116,510

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/27/2022

Close Date

06/29/2022

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.64

Pre-Money Valuation

$24,817,635

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/02/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,253

# of Investors

126

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2014

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Bothell, Washington

Business Type

Growth

Novuson Surgical, with a valuation of $24.8 million, is raising funds on StartEngine. The company has developed the next generation of electrosurgical devices that are more effective and safer than traditional devices. The Direct Therapeutic Ultrasound (DTU) surgical devices of Novuson Surgical aim to disrupt the surgical device market and improve patient safety. Novuson Surgical has already secured investment from a major medical technology company and is in negotiation for more strategic partnerships. Stuart B Mitchell founded Novuson Surgical in February 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used to bring the products to market and launch new products.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-733,033

$-819,500

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$347,061

$424,137

Accounts Receivable

$0

$0

Total Assets

$428,635

$542,622

Short-Term Debt

$43,858

$36,911

Long-Term Debt

$45,602

$0

Total Liabilities

$89,460

$36,911

Financials as of: 03/27/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /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
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Novuson Surgical on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $24,817,635
Price per Share: $0.64

Follow company

Follow Novuson Surgical on StartEngine 2022

Buy Novuson Surgical's Deal Report

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

Novuson Surgical Deal Report

Get KingsCrowd’s comprehensive report on Novuson Surgical including:

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

Buy the Novuson Surgical deal report for only $10!

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