Vulcan Augmetics

Vulcan Augmetics

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $77,488

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/15/2022
Close Date
01/20/2023
Min. Goal
$50,000
Max. Goal
$125,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,500,000

Discount

10%

Company & Team

Company

Year Founded
2022
Industry
Healthcare & Pharmaceuticals
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Wilmington, Delaware
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Rafael Masters
Title
CEO
Founder Name
Ella Trinh
Title
COO

Financials

 Revenue
$30,825
 Monthly Burn
$4,264
 Runway
0.7 months
Gross Margin
40%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$541,244
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/20/2023 Wefunder $6,500,000 $77,488 SAFE Funded RegCF
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Vulcan Augmetics on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $6,500,000

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