Resolution Bed

Resolution Bed

Closed: Apr. 2023

About this raise: Resolution Bed, with a valuation of $65.4 million, is raising funds on Wefunder. The company has developed a specialized bed for patients that pivots 90 degrees from a full-featured hospital bed into a stand-assist chair. The features of ResBed include a migration minimizer, zero gravity, enhanced cardiovascular Trendelenburg, and crash-free side rails. Resolution Bed also aims to reduce worker and caregiver injuries. Byron Wurdeman founded Resolution Bed in May 2019. The current crowdfunding campaign has a minimum target of $50,001 and a maximum target of $1,069,998. The campaign proceeds will be used for manufacturing, inventory, and general corporate matters.

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Investment Overview

Not Funded: $31,225

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
10/17/2022
Close Date
04/30/2023
Min. Goal
$50,001
Max. Goal
$1,069,999
Min. Investment

$100

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.71

Pre-Money Valuation

$65,438,731

Company & Team

Company

Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
Dobson, North Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Byron Wurdeman
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$21,224
 Runway
0.2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$-1,154

$0

 

 

Net Income

$-254,693

$-222,670

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,061

$552

Accounts Receivable

$0

$0

Total Assets

$144,567

$131,806

Short-Term Debt

$90,092

$77,943

Long-Term Debt

$655,630

$400,704

Total Liabilities

$745,722

$478,647

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $65,438,731 $31,225 Equity - Preferred Not Funded RegCF
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Add to portfolio
Resolution Bed on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $65,438,731
Price per Share: $4.71

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Warning: according to the close date for this deal, Resolution Bed may no longer be accepting investments.

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