Robovet
About this raise
Robovet, a revolutionary robotic technology for pets, is raising funds on WeFunder. The company has a valuation cap of $4 million and has developed a patented imaging technology for animals. The Robovet technology will enhance veterinary imaging and revolutionise veterinary care for pets, at a quarter of the cost of traditional MRI systems. The same technique can also use magnets to move surgical tools and magnetics particles to treat diseases in animals. Robovet was founded by Irving Weinberg in 2019. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $1,070,000, will be used to develop a prototype full-scale MRI system and for business development and advertising. The proprietary technology of Robovet has 18 granted patents and 100 pending patents.
Investment Overview
Invested : $208,424
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/12/2019
- Close Date
- 08/31/2020
$100,000
$1,070,000
$100
SAFE
Early Stage
RegCF
$3,000,000
25%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Pet Health, Food, and Services
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- High
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/31/2020 | Wefunder | $3,000,000 | $208,424 | SAFE | Funded | RegCF |