QMedic

QMedic

Early Stage

Simple, smart medical alert service to support care at home

Simple, smart medical alert service to support care at home

Overview

Raised this Round: Raised: $100,000

Platform

Wefunder

Start Date

05/16/2016

Close Date

09/21/2016

Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

0%

Year Founded

2010

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Location

Boston, Massachusetts

QMedic, with a valuation of $20 million, is raising funds on Wefunder. The company has developed a proactive medical alert service that supports care at home. QMedic intelligently routes users to the right care services at the right time, including to a nurse, social worker, family member, or the ER. The platform tracks motion and sleep and enables family members and care providers to perform wellness checks as needed. Sombit Mishra, Fahd Albinali, and Dave Nelson founded QMedic in July 2010. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used to support member enrolment and 12-month pilot implementation with one QMedic health plan partner.

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$1,483,560

$790,158

COGS

$-1,057,865

$-549,546

Tax

$0

$0

 

 

Net Income

$-72,133

$-9,560

Summary Balance Sheet

FY 2015 FY 2014

Cash

$383,616

$107,231

Accounts Receivable

$116,862

$57,087

Total Assets

$583,711

$246,008

Short-Term Debt

$0

$0

Long-Term Debt

$1,099,957

$799,957

Total Liabilities

$1,099,957

$799,957

Financials as of: 05/16/2016
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QMedic on Wefunder 2016
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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