TIBU Health

TIBU Health

Early Stage

Technology Powered Healthcare for Africa

Technology Powered Healthcare for Africa

Overview

Raised this Round: Raised: $69,722

Total Commitments ($USD)

Platform

Republic

Start Date

03/19/2023

Close Date

04/30/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$6,500,000

Valuation Cap

$8,000,000

Discount

0%

Year Founded

2017

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

Low

Location

Lewes, Delaware

Business Type

High Growth

TIBU Health, with a valuation of $8 million, is raising funds on Republic. The company provides technology-powered healthcare in Africa. The company is based in Nairobi, Kenya, but it is filing the raise under its US entity. The platform connects patients to healthcare professionals in less than two minutes and enables them to schedule medical home visits or visits in clinics. TIBU Health provides end-to-end patient coordination and follow-up, human-centered healthcare experiences, and digitization of patient records. Jason Carmichael, Peter Gicharu, and Shiro Theuri founded TIBU Health in August 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product, operational expenses, capital expenses, and sales and marketing.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$656,254

$204,080

COGS

$502,706

$158,124

Tax

$0

$0

 

 

Net Income

$298,107

$64,815

Summary Balance Sheet

FY 2021 FY 2020

Cash

$430,974

$235,321

Accounts Receivable

$14,509

$13,740

Total Assets

$524,946

$256,917

Short-Term Debt

$95,466

$85,653

Long-Term Debt

$794,345

$255,391

Total Liabilities

$889,811

$341,044

Financials as of: 03/19/2023
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
TIBU Health 04/29/2024 Republic $8,500,000 $66,577 SAFE Funded RegCF
TIBU Health 04/29/2023 Republic $8,000,000 $69,722 SAFE Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
TIBU Health on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $8,000,000

Follow company

Follow TIBU Health on Republic 2023

Buy TIBU Health's Deal Report

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

TIBU Health Deal Report

Get KingsCrowd’s comprehensive report on TIBU Health including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether TIBU Health is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the TIBU Health deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge