Spectrum Spine

Spectrum Spine

Closed: Nov. 2024

About this raise

Spectrum Spine, with a valuation of $52.7 million, is raising funds on StartEngine. It is a pre-revenue MedTech company with advanced nanotechnology to improve surgical outcomes. Spectrum Spine is bringing an implant portfolio to the market, eliminating the need for risky bone graft products with applicability in dental, orthopedics, and spine. The targeted nanotechnology of Spectrum Spine, BioBraille, induces bone growth from surface characteristics and improves surgical outcomes, reducing pain and inflammation. James Carey Robinson founded Spectrum Spine in October 2019. The current crowdfunding campaign has a minimum target of $14,998.50 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, company employment, operations, inventory, and working capital.

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Investment Overview

Invested this round: $56,926

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
08/29/2024
Close Date
11/27/2024
Min. Goal
$14,999
Max Goal
$1,234,998
Min. Investment

$297

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.50

Pre-Money Valuation

$52,700,000

Company & Team

Company

Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
High
Location
Inlet Beach, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
James Robinson
Title
CEO

Financials

as of July 1, 2024
 Revenue
$0
 Monthly Burn
$100,000
 Runway
0.8 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,960,307

$-1,451,872

Summary Balance Sheet

FY 2023 FY 2022

Cash

$105,047

$2,154,473

Accounts Receivable

$0

$0

Total Assets

$2,670,563

$4,201,184

Short-Term Debt

$857,956

$1,462,770

Long-Term Debt

$7,006,082

$5,798,235

Total Liabilities

$7,864,038

$7,261,005

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$9,700,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/27/2024 StartEngine $52,700,000 $56,926 Equity - Common Funded RegCF
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Add to portfolio
Spectrum Spine on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $52,700,000
Price per Share: $4.50

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Follow Spectrum Spine on StartEngine 2024

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Warning: according to the close date for this deal, Spectrum Spine may no longer be accepting investments.

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