Ravel Health

Ravel Health

Closed: May. 2023

About this raise: Ravel Health, with a valuation of $5 million, is raising funds on Wefunder. The company is a virtual, integrative nationwide clinic specializing in chronic Lyme disease & its many co-infectionshas developed a platform that provides AI and ML-powered subscription-based career strategies. Ravel Health's goal is to provide affordable, on-demand from highly vetted Lyme-literate professionals, all from the comford of home. Kevin Williams and Jaime Intile founded Ravel Health in November 2021. 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 development, legal fees, a Chief Medical Officer & provider training pipeline and, toward marketing/PR.

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Investment Overview

Invested this round: $73,650

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
05/18/2023
Close Date
05/23/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Company & Team

Company

Year Founded
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Edgewater, Colorado
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Kevin Williams
Title
Co-founder
Founder Name
Jaime Intile
Title
Co-founder

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$640
 Runway
3.3 months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-7,679

$-86

Summary Balance Sheet

FY 2022 FY 2021

Cash

$2,130

$2,500

Accounts Receivable

$0

$0

Total Assets

$2,130

$2,500

Short-Term Debt

$0

$1,086

Long-Term Debt

$0

$0

Total Liabilities

$0

$1,086

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$117,884
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/23/2023 Wefunder $5,000,000 $73,650 SAFE Funded RegCF
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Add to portfolio
Ravel Health on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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