ViiT Health

ViiT Health

Early Stage

Non-Invasive Wellness Device monitors Blood Sugar, Oxygen and Pulse to Improve Metabolic Health

Non-Invasive Wellness Device monitors Blood Sugar, Oxygen and Pulse to Improve Metabolic Health

Overview

Raised to Date: Raised: $138,668

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/08/2023

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$618,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$20,000,000

Valuation Cap

$20,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/30/2023

Days Remaining

212

% of Min. Goal

277%

% of Max. Goal

22%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,216

Momentum
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Year Founded

2021

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Location

Wilmington, Delaware

Business Type

Growth

ViiT Health, with a valuation of $20 million, is raising funds on Wefunder. The company has developed a non-invasive wellness device that monitors oxygen, blood sugar, and pulse. The device, Bioviit, is a portable biomarker monitor that uses light, instead of pricking, to detect temperature, oxygen, blood sugar, and oxygen accurately. ViiT Health has conducted 13 clinical trials and reported 93% accuracy for regular blood sugar levels. Luis Fernando, Luis Gomez, and Lorena de la Maza founded ViiT Health in June 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $618,000. The campaign proceeds will be used for calibration and certification, research and development, hiring, sales and marketing, production, and intellectual property protection.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-723,423

$-60,048

Summary Balance Sheet

FY 2022 FY 2021

Cash

$8,670

$139,952

Accounts Receivable

$0

$0

Total Assets

$8,670

$139,952

Short-Term Debt

$0

$0

Long-Term Debt

$792,142

$200,000

Total Liabilities

$792,142

$200,000

Financials as of: 06/08/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
ViiT Health 04/29/2024 Wefunder $20,000,000 $138,668 SAFE Active RegCF
ViiT Health 02/28/2022 Wefunder $15,000,000 $530,600 SAFE Funded RegCF / RegD 506(c)
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ViiT Health on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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