Tesa Medical
About this raise
Tesa Medical, with a valuation of $5 million, is raising funds on RedCrow through Reg D 506(b) raise. It is a medical device company enabling rapid soft tissue tensioning and fixation. The patented technology of Test Medical, CordaSet, enables physicians to mitigate downstream consequences for ACL reconstruction procedures through rapid tensioning and fixation of soft tissues. The CordaSet system gives the physicians the ability to adjust graft tension without damaging the graft. Howard Edelman founded Tesa Medical in 2009. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $500,000. The campaign proceeds will be used to finalize system beta development and file additional IPs.
Investment Overview
Deal Terms
- Platform
- RedCrow
- Start Date
- 08/04/2022
- Close Date
- 11/21/2023
$20,000
$500,000
$0
Convertible Note
Early Stage
RegD 506(b)
$5,000,000
20%
Company & Team
Company
- Year Founded
- 2009
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/21/2023 | RedCrow | $5,000,000 | - | Convertible Note | Not Funded | RegD 506(b) |