Stream Dx

Stream Dx

Closed: Feb. 2022

About this raise

Stream Dx, with a valuation of $6.5 million, is raising funds on Republic. The company offers home uroflow testing services that help collect urine flow data of patients with lower urinary tract symptoms. Stream Dx has also designed Stream Dx Home Uroflowmeter, a patented and FDA-registered point of care device. The business has a recurring revenue fee-based service model and reported revenue increase from $21,000 in 2019 to $91,000 in 2020. Brian Holt, Alvin Le, James Hotaling, Andrew Southwick, Matt Converse, Chris Bowen, and Tab Robbins founded Stream Dx in October 2014. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used to scale sales and production to meet the revenue projections.

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Investment Overview

Invested this round: $104,270

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
09/29/2021
Close Date
02/10/2022
Min. Goal
$25,000
Max Goal
$1,070,000
Min. Investment

$200

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,500,000

Discount

0%

Company & Team

Company

Year Founded
2014
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
South Salt Lake, Utah
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Brian Holt
Title
CEO

Financials

 Revenue
$90,745
 Monthly Burn
$40,241
 Runway
4.5 months
Gross Margin
59%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$90,745

$20,515

COGS

$37,446

$1,959

Tax

$0

$0

 

 

Net Income

$-482,897

$-523,835

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$181,329

$128,109

Accounts Receivable

$61,091

$49,225

Total Assets

$472,012

$402,326

Short-Term Debt

$35,109

$0

Long-Term Debt

$104,000

$0

Total Liabilities

$139,109

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/10/2022 Republic $6,500,000 $104,270 SAFE Funded RegCF
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Add to portfolio
Stream Dx on Republic 2021
Platform: Republic
Security Type: SAFE
Valuation: $6,500,000

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