Virtuoso Surgical (2024)

Virtuoso Surgical (2024)

About this raise

Virtuoso Surgical is raising funds through Reg A+ crowdfunding with Deer Isle Capital as the Broker-Dealer. It is a MedTech company that creates robotic tools to aid surgeons. The company attempts to better patient outcomes by offering technology to make surgeries minimally invasive with its dexterous, accurate, and cost-effective robotic tools. Virtuoso Surgical has licensed its rights to patents to John Hopkins University and Vanderbilt University. Richard Hendrick and Robert Webster founded Virtuoso Surgical in April 2016. The current crowdfunding campaign has a maximum target of $20 million. The campaign proceeds will be used for continued product development, working capital, sales and marketing, and research and development.

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Investment Overview

Committed [Withdrawn]: $2,000,000

Deal Terms

Platform
C2M Securities
Start Date
09/06/2022
Close Date
02/20/2024
Min. Goal
$1,020
Max Goal
$20,000,000
Min. Investment

$1,020

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$60.00

Pre-Money Valuation

$29,149,210

Company & Team

Company

Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
NASHVILLE, Tennessee
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Robert Webster
Title
President and Chief Technology Officer
Founder Name
Richard Hendrick
Title
Chief Operating Officer
Founder Name
Duke Herrell
Title
Chief Medical Officer

Funding data not publicly available

Financials

 Revenue
$0
 Monthly Burn
$184,352
 Runway
7.1 months

Balance Sheet

Cash and Cash Equivalents

$1,312,227

Investment Securities

$401,058

Property, Plant and Equipment (PP&E)

$1,714,384

Total Assets

$3,490,535

Accounts Payable & Accrued Liabilities

$349,753

Long Term Debt

$0

Total Liabilities

$349,753

Total Stockholders' Equity

$3,140,782

Total Liabilities and Equity

$3,490,535

Statement of Comprehensive Income Information

Costs & Expenses Applicable to Rev

$2,917,804

Depreciation and Amortization

$64,797

Net Income

$-2,212,226

Earnings Per Share - Basic

$-2.04

Earnings Per Share - Diluted

$-2.04

Auditor: Blankenship CPA Group, PLLC
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$9,000,000
Grants
$300,000
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Virtuoso Surgical 02/20/2024 C2M Securities $29,149,210 $2,000,000 Equity - Common Withdrawn RegA+
Virtuoso Surgical, Inc. 05/31/2022 C2M Securities $6,927,500 - Equity - Preferred Funded RegA+
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Growth Charts

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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Add to portfolio
Virtuoso Surgical on Deer Isle Capital 2022
Platform: C2M Securities
Security Type: Equity - Common
Valuation: $29,149,210
Price per Share: $60.00

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Warning: according to the close date for this deal, Virtuoso Surgical may no longer be accepting investments.

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