TIBU Health

TIBU Health

Early Stage

Technology Powered Healthcare for Africa

Technology Powered Healthcare for Africa

Overview

Raised to Date: Raised: $66,577

Total Commitments ($USD)

Platform

Republic

Start Date

04/04/2024

Close Date

04/30/2024

Min. Goal
$50,000
Max. Goal
$548,387
Min. Investment

$250

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$7,500,000

Valuation Cap

$8,500,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/04/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,663

# of Investors

33

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
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 $8.5 million, is raising funds on Republic. The company provides technology-powered healthcare in Africa. TIBU Health 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. The business has partnered with 23 insurance companies and achieved a 400% revenue growth within a year. Jason Carmichael, Peter Gicharu, and Shiro Theuri founded TIBU Health in August 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $548,387. The campaign proceeds will be used for technology and product development, sales and marketing, infrastructure, and general working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$351,884

$656,254

COGS

$316,521

$502,706

Tax

$0

$0

 

 

Net Income

$-802,218

$-298,107

Summary Balance Sheet

FY 2022 FY 2021

Cash

$49,148

$430,974

Accounts Receivable

$30,735

$14,509

Total Assets

$261,951

$524,946

Short-Term Debt

$197,983

$95,466

Long-Term Debt

$1,170,265

$798,690

Total Liabilities

$1,368,248

$894,156

Financials as of: 04/04/2024
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.

Price per Share History

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

Valuation History

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.

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 2024
Platform: Republic
Security Type: SAFE
Valuation: $8,500,000

Follow company

Follow TIBU Health on Republic 2024

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