ViiT Health

Early Stage
Non-Invasive Wellness Device monitors Blood Sugar, Oxygen and Pulse to Improve Metabolic Health
Overview
Raised: $138,668
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
212
% of Min. Goal
277%
% of Max. Goal
22%
Likelihood of Max
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
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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