Veebot Systems
Early Stage
Hands-Free, Accurate Needle Insertion
Overview
Raised: $23,490
Total Commitments ($USD)
Platform
StartEngine
Start Date
01/10/2023
Close Date
03/10/2023
Min. Goal
$9,998
Max. Goal
$1,234,998
Min. Investment
$102
Security Type
Equity - Common
Series
Pre-Seed
Funding Type
RegCF
Price Per Share
$3.18
Pre-Money Valuation
$13,992,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
36
% of Min. Goal
235%
% of Max. Goal
2%
Likelihood of Max
Avg. Daily Raise
$1,021
# of Investors
43
Momentum
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Location
Opa Locka, Florida
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Veebot Systems, with a valuation of $13.99 million, is raising funds on StartEngine. The company has developed an autonomous, image-guided, and robotic needle insertion system to improve vascular access. The patented technology aims to eliminate painful and failed needle sticks and enable healthcare providers to provide high standards of blood draws, IV catheter insertion, and vaccine delivery. William Haugland, Richard Harris, and Stuart Harris founded Veebot Systems in October 2012. The current crowdfunding campaign has a minimum target of $9,997.92 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, operations, inventory, and quality assurance.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-63,936 |
$-71,918 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$23,113 |
$10,808 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,018,176 |
$953,823 |
|
Short-Term Debt |
$0 |
$10,045 |
|
Long-Term Debt |
$0 |
$16,666 |
|
Total Liabilities |
$0 |
$26,711 |
Financials as of: 01/10/2023
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