Ontacad
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.
Investment Overview
Not Funded: $0
Deal Terms
Company & Team
Company
- Year Founded
- 2020
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- Low
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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 |