OsNovum

OsNovum, with a valuation of $19.53 million, is raising funds on Wefunder. The company has developed a patented technology to regenerate bones affected by osteoporosis. OsNovum’s technology aims to improve skeletal health and improve the lifespan and quality of life. The technology has already been cleared by the FDA for maxillofacial use and waiting for clearance for skeletal use. The company plans to launch specialty clinics based on its technology. Gregory Steiner and Roslynn Steiner founded OsNovum in June 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for FDA tests, ISO certification, regulatory submissions, legal fees, capital improvements, production equipment, and salaries.

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Investment Overview

Raised this Round: Raised: $71,302

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
06/17/2024
Close Date
04/30/2025
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$40.00

Pre-Money Valuation

$19,532,200

Company & Team

Company

Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
Biotech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Henderson, Nevada
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Gregory Steiner
Title
CEO
Founder Name
Roslynn Steiner
Title
President

Financials

as of Fiscal Year 2023
 Revenue
$5
 Monthly Burn
$1,000
 Runway
0.1 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$5

$5

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-22,650

$-84,187

Summary Balance Sheet

FY 2023 FY 2022

Cash

$137

$18,144

Accounts Receivable

$0

$0

Total Assets

$137

$18,144

Short-Term Debt

$4,643

$0

Long-Term Debt

$0

$0

Total Liabilities

$4,643

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$209,255
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 Wefunder $19,532,200 $71,302 Equity - Preferred Active RegCF
03/31/2021 Wefunder $14,400,000 $204,350 Equity - Preferred Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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OsNovum on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $19,532,200
Price per Share: $40.00

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