Rubitection

Rubitection

Open  for investment

About this raise

Rubitection, with a valuation of $10 million, is raising funds on Wefunder. The company has developed an AI-powered wound and dermatology care management solution. Rubitection is creating a skin health care management platform, including a device and software, to support the assessment and management of chronic wounds like diabetic foot ulcers and bedsores. The business has won several awards, including AARP Agetech, She Loves Tech, and Boston Scientific Connected Patient, and has a pipeline of clinical partners like Baylor School of Medicine. Sanna Gaspard founded Rubitection in March 2010. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $850,000. The campaign proceeds will be used for technology development, operations, and team payroll.

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Investment Overview

Committed this round: $93,150

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
01/16/2025
Close Date
03/28/2025
Min. Goal
$50,000
Max Goal
$850,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

15%

Company & Team

Company

Year Founded
2010
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Pittsburgh, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Sanna Gaspard
Title
CEO

Financials

as of January 1, 2025
 Revenue
$0
 Monthly Burn
$30,000
 Runway
2.5 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-208,476

$-275,687

Summary Balance Sheet

FY 2023 FY 2022

Cash

$254,608

$412,954

Accounts Receivable

$0

$0

Total Assets

$283,473

$441,422

Short-Term Debt

$47,545

$47,018

Long-Term Debt

$938,750

$888,750

Total Liabilities

$986,295

$935,768

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$864,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/28/2025 Wefunder $10,000,000 $93,150 Convertible Note Active RegCF
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Add to portfolio
Rubitection on Wefunder 2025
Platform: Wefunder
Security Type: Convertible Note
Valuation: $10,000,000

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