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 this Round: Raised: $291,098

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/07/2023

Close Date

07/30/2024

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%

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 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-329,038

$-723,423

Summary Balance Sheet

FY 2023 FY 2022

Cash

$13,044

$8,670

Accounts Receivable

$0

$0

Total Assets

$13,044

$8,670

Short-Term Debt

$0

$0

Long-Term Debt

$1,125,553

$792,142

Total Liabilities

$1,125,553

$792,142

Financials as of: 06/07/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
ViiT Health 07/29/2024 Wefunder $20,000,000 $291,098 SAFE Active RegCF
ViiT Health 02/27/2022 Wefunder $15,000,000 $530,600 SAFE Funded RegCF / RegD 506(c)
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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

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ViiT Health on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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