VitalFlo

Early Stage

VitalFlo helps doctors measure, monitor, and predict their patients' lung health

Analytics

Raised to Date: Raised: $167,254

Aggregate Commitments $

Platform

Wefunder

Start Date

11/01/2022

Close Date

04/30/2023

Min. Goal

$275,000

Max. Goal

$1,000,000

Min. Investment

$250

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$7,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

11/26/2022

Days Remaining

155

% of Min. Goal

61%

% of Max. Goal

17%

Likelihood of Max
likely
Avg. Daily Raise

$6,690

Momentum
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Location

Raleigh, North Carolina

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

VitalFlo, with a valuation of $7 million, is raising funds on Wefunder. The company has developed a device and software that help doctors measure, monitor, and predict patients’ lung health. The VitalFlo device unlocks spirometry or pulmonary function testing for patients and their primary care doctors. The business launched with a 90-hospital Health System group in May 2022 and has reported a 2.7 times subscription growth quarter-over-quarter. Luke Marshall and Andy Taylor founded VitalFlo in April 2017. The current crowdfunding campaign has a minimum target of $275,000 and a maximum target of $1 million. The campaign proceeds will be used for R&D, sales and marketing, and general and administrative expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$72,690

$42,877

COGS

$43,118

$1,937

Tax

$200

$204

 

 

Net Income

$-741,679

$-159,223

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$712,911

$141,748

Accounts Receivable

$16,543

$11,619

Total Assets

$877,926

$267,729

Short-Term Debt

$39,277

$75,823

Long-Term Debt

$0

$725,000

Total Liabilities

$39,277

$800,823

Financials as of: 11/01/2022
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VitalFlo on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $7,000,000

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