Scinovia

Scinovia

Closed: Jun. 2022

About this raise

Scinovia, with a pre-money valuation of $89.3 million, is raising crowdfunding on StartEngine. The company’s mission is to produce state-of-the-art diagnostics to help doctors make more data-driven decisions during procedures to save more lives. Scinovia developed VUFLOW, the future of non-contact imaging diagnostics for blood flow during surgery. The company was founded in 2014 by Jim Sund. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $1,070,000. The campaign proceeds will be used for marketing, additional hiring, inventory and working capital.

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Investment Overview

Invested this round: $116,376

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
12/21/2021
Close Date
06/29/2022
Min. Goal
$9,998
Max Goal
$1,069,998
Min. Investment

$499

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.85

Pre-Money Valuation

$89,300,000

Company & Team

Company

Year Founded
2014
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Raleigh, North Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Jim Sund
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$62,400
 Runway
2.2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-748,794

$-588,679

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$140,305

$279,741

Accounts Receivable

$0

$0

Total Assets

$1,391,603

$1,360,287

Short-Term Debt

$190,379

$223,528

Long-Term Debt

$50,768

$64,566

Total Liabilities

$241,147

$288,094

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/29/2022 StartEngine $89,300,000 $116,376 Equity - Common Funded RegCF
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Add to portfolio
Scinovia on Startengine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $89,300,000
Price per Share: $2.85

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