ViiT Health (2022)

ViiT Health (2022)

Closed: Feb. 2022

About this raise

ViiT Health, with a valuation of $15 million, is raising funds on Wefunder. The company offers AI-assisted health monitoring services. The first product of ViiT Health, ViiT Gluco 1.0, is a one-of-a-kind glucometer that uses AI for the management of diabetes. ViiT Health has strategic alliances with Iasotek, Arrowhead Center, and Mexico City Innovation and Technology Agency and is supported by Monaco Foundry and a leading US Family Office. Luis Gomez founded ViiT Health in June 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $2,000,000. The campaign proceeds will be used for marketing and sales, product development, validation protocols, product certification, and software development.

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Investment Overview

Invested this round:
$280,600 - RegCF
$530,600 - Total

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
10/08/2021
Close Date
02/28/2022
Min. Goal
$50,000
Max Goal
$2,000,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$15,000,000

Discount

20%

Company & Team

Company

Year Founded
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Wilmington, Delaware
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Luis Sanchez
Title
President

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$7,500

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/30/2024 Wefunder $20,000,000 $523,145 SAFE Funded RegCF / RegD 506(c)
02/28/2022 Wefunder $15,000,000 $530,600 SAFE Funded RegCF / RegD 506(c)
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Growth Charts

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

Employee History

Founder Interview

ViiT Health CEO Luis Fernando on Making Diabetes Easier to Manage

Diabetes can have a major impact on patients’ lives. To maintain their health, diabetic individuals need to check glucose levels regularly. These checks are often done through invasive and painful methods like finger pricking.

ViiT Health has developed Gluco 1.0, an affordable, reusable, and non-invasive product to measure glucose levels. Patients simply rest their finger inside Gluco 1.0, and it uses spectrometry to quickly and accurately assess glucose levels. We reached out to CEO Luis Fernando to learn why diabetes hits close to home for his team and how the recently established company has come so far.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview

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Add to portfolio
ViiT Health on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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

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