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.
Investment Overview
Raised: $77,488
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 09/15/2022
- Close Date
- 01/20/2023
$50,000
$125,000
$100
SAFE
Seed
RegCF
$6,500,000
10%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
- $30,825
- Monthly Burn
- $4,264
-
Runway
- 0.7 months
- Gross Margin
- 40%
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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 |