Rhinogram

Rhinogram

Closed: Oct. 2022

About this raise

Rhinogram, with a valuation of $60 million, is raising funds on StartEngine. The company has developed a virtual platform that connects patients and healthcare providers without the need for phone screening and long call times. The platform is HIPAA-compliant and EHR-friendly and uses encryption to keep the patients’ information private. Rhinogram is modernizing patient-provider communication and making the system more efficient. Dr. Keith Dressler founded Rhinogram in April 2022. The current crowdfunding campaign has a minimum target of $9,990.37 and a maximum target of $899,982.08. The campaign proceeds will be used to increase market penetration and develop new app enhancements.

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Investment Overview

Invested this round: $147,728

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
07/15/2022
Close Date
10/15/2022
Min. Goal
$9,990
Max Goal
$1,069,967
Min. Investment

$252

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$11.47

Pre-Money Valuation

$59,997,689

Company & Team

Company

Year Founded
2022
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Chattanooga, Tennessee
Business Type
High Growth
Company Website
Visit Website

Team

Employees
30
Prior Founder Exits?
No
Founder Name
Keith Dressler
Title
CEO, Chairman

Financials

 Revenue +33% YoY
$1,796,794
 Monthly Burn
$468,007
 Runway
0.2 months
 Gross Margin
40%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,796,794

$1,346,238

COGS

$1,072,344

$862,082

Tax

$0

$0

 

 

Net Income

$-5,616,085

$-7,059,952

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$86,086

$136,884

Accounts Receivable

$0

$0

Total Assets

$3,112,278

$4,487,129

Short-Term Debt

$0

$105,000

Long-Term Debt

$173,132,797

$13,474,965

Total Liabilities

$173,132,797

$13,579,965

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$11,113,967
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/15/2022 StartEngine $59,997,689 $147,728 Equity - Common Funded RegCF
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Add to portfolio
Rhinogram on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $59,997,689
Price per Share: $11.47

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Follow Rhinogram on StartEngine 2022

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