Vxtra Health

Vxtra Health

Closed: Aug. 2022

About this raise

Vxtra Health, with a valuation of $15.1 million, is raising funds on StartEngine. The company aims to offer new health insurance solutions that focus on restoring the value of the doctor-patient relationship. The business works with local doctors to come up with hassle-free health plans for self-insured employers. It also helps in improving the experience and reducing avoidable costs. Larry Hightower founded Vxtra Health in July 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5,000,000. The campaign proceeds will be used for growth and expansion.

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Investment Overview

Invested this round: $262,574

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
11/16/2021
Close Date
08/12/2022
Min. Goal
$10,000
Max Goal
$5,000,000
Min. Investment

$400

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.40

Pre-Money Valuation

$15,135,767

Company & Team

Company

Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Atlanta, Georgia
Business Type
Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Larry Hightower
Title
CEO

Financials

 Revenue -5.4% YoY
$1,848,743
 Monthly Burn
Profitable
 Cash on Hand
$136,532

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,848,743

$1,955,097

COGS

$1,853,420

$2,504,346

Tax

$0

$0

 

 

Net Income

$74,121

$582,791

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$136,532

$226,740

Accounts Receivable

$193,169

$110,855

Total Assets

$456,768

$460,194

Short-Term Debt

$300,034

$793,572

Long-Term Debt

$434,700

$435,791

Total Liabilities

$734,734

$1,229,363

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/12/2022 StartEngine $15,135,767 $262,574 Equity - Common Funded RegCF
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Add to portfolio
Vxtra Health on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,135,767
Price per Share: $0.40

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