Vironix Health

Vironix Health

Closed: Dec. 2022

About this raise

Vironix Health, with a valuation of $11.2 million, is raising funds on Wefunder. The company uses AI for the early detection and remote monitoring of heart and lung diseases. The AI-enabled technology of Vironix Health helps in detecting and triaging heart failure, COPD, and asthma flare-ups. The company has a world-class R&D collaboration with Oxford University and $150 million of potential ARR from current LOIs. Sumanth Swaminathan, Sriram Ramanathan, Christopher Landon, and Botros Toro founded Vironix Health in April 2020. The current crowdfunding campaign has a minimum target of $50,006 and a maximum target of $1,069,989. The campaign proceeds will be used for personnel and professional services, product and clinical development, marketing, and SG&A.

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Investment Overview

Invested this round:
$822,518 - RegCF
$948,519 - Total

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
04/22/2022
Close Date
12/16/2022
Min. Goal
$50,006
Max Goal
$1,069,989
Min. Investment

$250

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$13.19

Early Bird Valuation

$11,200,000

Pre-Money Valuation

$14,900,000

Company & Team

Company

Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Austin, Texas
Business Type
High Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Sumanth Swaminathan
Title
CEO
Founder Name
Sriram Ramanathan
Title
CTO
Founder Name
Chris Landon
Title
Senior Medical Advisor
Founder Name
Nicholas Wysham
Title
Clinical Consultant
Founder Name
Botros Toro
Title
Product Director

Financials

 Revenue
$2,408
 Monthly Burn
$11,769
 Runway
8.8 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,408

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-141,223

$-24,539

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$103,621

$208,912

Accounts Receivable

$0

$0

Total Assets

$234,886

$224,843

Short-Term Debt

$10,910

$23,370

Long-Term Debt

$289,726

$226,000

Total Liabilities

$300,636

$249,370

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$576,001
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/16/2022 Wefunder $14,900,000 $948,519 Equity - Preferred Funded RegCF / RegD 506(c)
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Add to portfolio
Vironix Health on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $14,900,000
Price per Share: $13.19

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