Vironix Health

Early Stage

AI-Enabled Early Detection and Remote Monitoring of Lung and Heart Disease

Analytics

Raised to Date: Raised: $811,782

Aggregate Commitments $

Platform

Wefunder

Start Date

04/22/2022

Close Date

04/30/2023

Min. Goal

$50,006

Max. Goal

$1,069,989

Min. Investment

$250

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$13.19

Pre-Money Valuation

$14,900,000

Rolling Commitments $

Status

Active

Reporting Date

05/21/2022

Days Remaining

344

% of Min. Goal

1,623%

% of Max. Goal

76%

Likelihood of Max
extremely
Avg. Daily Raise

$27,992

Momentum
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Location

Austin, Texas

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

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.

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

Financials as of: 04/22/2022
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Vironix Health on Wefunder 2022
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $14,900,000

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