Vulcan Augmetics

Early Stage

Democratizing prosthetics for developing nations

Analytics

Raised to Date: Raised: $115,108

Aggregate Commitments $

Platform

Wefunder

Start Date

09/15/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$107,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$6,500,000

Discount Rate

10%

Rolling Commitments $

Status

Active

Reporting Date

09/25/2022

Days Remaining

217

% of Min. Goal

230%

% of Max. Goal

108%

Likelihood of Max
exceeded
Avg. Daily Raise

$11,511

Momentum
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Location

Wilmington, Delaware

Industry

Healthcare & Pharmaceuticals

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Vulcan Augmetics, with a valuation of $6.5 million, is raising funds on Wefunder. The company makes affordable robotic prosthetics that are efficient, practical, and accessible. The products of Vulcan Augmetics are modular as they easily click together and are connected through a digitized process that keeps the entire process from hospital recovery, rehabilitation, and clinic visits to product maintenance and community. Vulcan Augmetics has 18 clinics in its nationwide network with 80% conversion and 90% retention. Rafael Masters and Ella Trinh founded Vulcan Augmetics in June 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $107,000. The campaign proceeds will be used for market development, product development, improved prototyping machines, and applications for Vietnamese expansion of the product range.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$30,825

$15,553

COGS

$18,417

$54,403

Tax

$0

$0

 

 

Net Income

$-51,169

$-84,979

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,790

$31,656

Accounts Receivable

$14,169

$9,049

Total Assets

$63,611

$43,824

Short-Term Debt

$89,883

$18,878

Long-Term Debt

$0

$660

Total Liabilities

$89,883

$19,538

Financials as of: 09/15/2022
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Vulcan Augmetics on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $6,500,000

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