Kare Mobile

Kare Mobile

Early Stage

An App for 24 Hour Dental Care.

An App for 24 Hour Dental Care.

Overview

Raised to Date: Raised: $99,625

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/01/2022

Close Date

04/30/2022

Min. Goal
$50,000
Max. Goal
$200,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$8,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,145

# of Investors

101

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Logos provided by Clearbit
Year Founded

2017

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Louisville, Kentucky

Business Type

Growth

Company Website

Kare Mobile, with a valuation of $8 million, is raising funds on Wefunder. The company is revolutionizing the dental care industry with its proprietary software. The software connects Medicaid patients to dentists for same-day treatment. Kare Mobile has formulated a $500,000 partnership with Delta Dental and Lightship Foundation and has helped launch seven mobile dental clinics in 2021. Kwane Watson founded Kare Mobile in May 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $200,000. The campaign proceeds will be used for marketing, expansion of the fleet of vans, SEO and landing page development, and legal expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$656,874

$281,668

COGS

$76,760

$54,095

Tax

$8,844

$0

 

 

Net Income

$-79,427

$-91,657

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$44,324

$14,926

Accounts Receivable

$216,983

$141,733

Total Assets

$613,105

$281,386

Short-Term Debt

$159,957

$117,946

Long-Term Debt

$724,277

$270,584

Total Liabilities

$884,234

$388,531
Financials as of: 02/01/2022
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Kare Mobile 04/29/2022 Wefunder $8,000,000 $99,625 Convertible Note Funded RegCF
Kare Mobile 07/20/2018 Netcapital $2,666,691 $17,742 Equity - Common Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Kare Mobile on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $8,000,000

Follow company

Follow Kare Mobile on Wefunder 2022
View on Wefunder (Closed)
Deal Analytics
Company Ratings
Deal Considerations

Buy Kare Mobile's Deal Report

Warning: according to the close date for this deal, Kare Mobile may no longer be accepting investments.

Kare Mobile Deal Report

Get KingsCrowd’s comprehensive report on Kare Mobile including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Kare Mobile is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Kare Mobile deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge