Responsum Health

Early Stage

Building online knowledge communities for people with chronic conditions

Analytics

Raised to Date: Raised: $41,070

Aggregate Commitments $

Platform

Republic

Start Date

08/25/2021

Close Date

01/01/2022

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$4,500,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

09/19/2021

Days Remaining

104

% of Min. Goal

164%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,643

Momentum
cool
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Location

Washington, District of Columbia

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Responsum Health, with a valuation of $4.5 million, is raising funds on Republic. The company has created free and disease-specific apps to provide support and knowledge to people with chronic conditions. The apps come with a curated library of resources, moderated community chat to connect, integrated vetted resources, summarised newsfeed, and private messaging options. Responsum Health already has four patient-partnered commercially supported platforms and has just launched the fifth platform for persons with long COVID. Andrew Rosenberg founded Responsum Health in July 2014. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used to double the number of platforms, expand the patient group partnerships, and expand the business development team.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$839,500

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$110,153

$-199,240

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$30,789

$11,045

Accounts Receivable

$78,500

$0

Total Assets

$113,958

$11,045

Short-Term Debt

$21

$6,961

Long-Term Debt

$881,900

$882,200

Total Liabilities

$881,921

$889,161

Financials as of: 08/25/2021
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