Novuson Surgical

Novuson Surgical

Early Stage

Soundly Simplifying Surgery

Soundly Simplifying Surgery

Overview

Raised this Round: 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

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
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Novuson Surgical on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $24,817,635
Price per Share: $0.64

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