RetroPerc Medical Products

RetroPerc Medical Products

[Closed for Investment] RetroPerc Medical Products, with a valuation of $9.54 million, is raising funds on StartEngine. The company has developed an FDA-cleared medical device that helps in minimally invasive kidney stone surgery. RetroPerc Medical Products’ device, RetroPerc, is a unique disposable puncture set that enables urologists to perform a precise renal puncture for the removal of large kidney stones. The device has been adopted by leading urology centers and has been awarded the ’23 Edison Gold Medal. Jason Wynberg founded RetroPerc Medical Products in August 2024. The current crowdfunding campaign has a minimum target of $124,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.

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Investment Overview

Raised this Round: Raised: $0

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
09/23/2024
Close Date
10/04/2024
Min. Goal
$124,001
Max. Goal
$1,234,999
Min. Investment

$499

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.06

Pre-Money Valuation

$9,540,000

Company & Team

Company

Year Founded
2024
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Jersey City, New Jersey
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Jason B. Wynberg
Title
President

Funding data not publicly available

Financials

as of September 1, 2024
 Revenue +31% YoY
$146,893
 Monthly Burn
$5,000
 Runway
5.4 months
Gross Margin
95%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$146,893

$111,866

COGS

$7,252

$13,764

Tax

$0

$0

 

 

Net Income

$-29,450

$-29,098

Summary Balance Sheet

FY 2023 FY 2022

Cash

$3,418

$1,059

Accounts Receivable

$14,100

$13,120

Total Assets

$89,614

$36,103

Short-Term Debt

$2,980

$9,774

Long-Term Debt

$0

$0

Total Liabilities

$2,980

$9,774

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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
10/04/2024 StartEngine $9,540,000 $0 Equity - Common Not Funded RegCF
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Add to portfolio
RetroPerc Medical Products on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $9,540,000
Price per Share: $1.06

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