Ontacad

Ontacad

Closed: Feb. 2021

About this raise

Ontacad, with a post-money valuation of $2.59 million, is raising funds on NetCapital. The Software as a Service product of the company converts scientific and medical equipment user guides to video tutorials. The patent-pending technology helps the equipment providers in saving time, reducing customer acquisition costs, and boosting revenues. Medhat Ahmed and Hanady Elgamal founded Ontacad in June 2020. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $100,003, and the funds will be used towards sales and marketing, and general and administration expenses. Ontacad already has over 150 clients and five established strategic partnerships. The company plans to grow further and become a valuable healthcare technology startup.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
01/01/2021
Close Date
03/01/2021
Min. Goal
$10,000
Max Goal
$100,003
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.77

Pre-Money Valuation

$2,493,000

Company & Team

Company

Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
San Francisco, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Medhat Ahmed
Title
CEO
Founder Name
Hanady Elgamal
Title
COO

Funding data not publicly available

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/01/2021 Netcapital $2,493,000 $0 Equity - Common Not Funded RegCF
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Add to portfolio
Ontacad on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $2,493,000
Price per Share: $2.77

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Follow Ontacad on NetCapital

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

Ontacad Deal Report

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