Q Med Innovations

Q Med Innovations

Closed: Nov. 2023

About this raise

QMed Innovations, with a valuation of $14,807,459, is raising funds on Netcapital. The company is a wireless asset management and data aggregation entity that focuses on enabling medical device manufacturers, hospitals, labs, and distributors to track surgical trays and instruments. Their flagship product, Quest, provides stakeholders with 100% visibility on assets, offering daily location updates, historical inventory data, and ensuring ease of regulatory compliance. Victor Nunes founded QMed Innovations in 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,200,000. The campaign proceeds will be used for Payroll, Research & Development, Inventory, Marketing, Legal & Professional, Administrative, and Intermediary fees.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
09/07/2023
Close Date
11/17/2023
Min. Goal
$10,000
Max Goal
$1,200,000
Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.20

Pre-Money Valuation

$14,807,459

Company & Team

Company

Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Middletown, Rhode Island
Business Type
Growth

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Victor Nunes
Title
CEO

Funding data not publicly available

Financials

as of Fiscal Year 2022
 Revenue
$57,278
 Monthly Burn
$259,762
 Runway
0.6 months
Gross Margin
80%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$57,278

$16,820

COGS

$11,180

$8,935

Tax

$0

$0

 

 

Net Income

$-3,117,138

$-1,694,694

Summary Balance Sheet

FY 2022 FY 2021

Cash

$163,205

$2,282,254

Accounts Receivable

$38,797

$36,312

Total Assets

$1,381,117

$2,832,770

Short-Term Debt

$27,358

$58,994

Long-Term Debt

$61,424

$41,006

Total Liabilities

$88,782

$100,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,284,813
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/17/2023 Netcapital $14,807,459 $0 Equity - Common Not Funded RegCF
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Add to portfolio
QMed Innovations on Netcapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $14,807,459
Price per Share: $0.20

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Follow QMed Innovations on Netcapital 2023

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

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