Amnion Life

Neutral
BETA

Innovative medical devices for preterm infants - Building an artificial womb

Analytics

Raised to Date: $162,040

Aggregate Commitments $
Platform

Wefunder

Start Date

05/15/2020

Close Date

10/15/2020

Min. Goal

$125,000

Max. Goal

$535,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$7,500,000

Discount Rate

10%

Weekly Commitments $
Status
Funded
Reporting Date

10/25/2020

Days Remaining
Funded
% of Min. Goal

130%

% of Max. Goal

30%

Likelihood of Max
Funded
Avg. Daily Raise

$1,059

# of Investors

252

Momentum
Funded
Location

Newport Beach, CA

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

Growth

Amnion Life, with a $12.5 million valuation cap, is raising crowdfunding on Wefunder. The company has developed an artificial womb for preterm infants to replicate the fluid environment of the mother’s womb. The device, AmnioBed Golden Hour, uses synthetic amniotic fluid to prevent traditional hypothermia in preterm infants and decreases other related complications. Amnion Life was founded by Amir Fassihi in 2016 and has raised more than $1.4 million since its inception. The current round of crowdfunding has a minimum goal of $125,000 and a maximum goal of $535,000, and the funds will be used for R&D costs for engineering and pre-clinical safety testing, ongoing regulatory and risk management, and other legal and accounting expenses. Amnion Life has two issued patents in the US and China, while the patents are pending in Europe, Japan, India, and Australia.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$1,323

$2,066

 

 

Net Income

$-568,030

$-626,723

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$17,050

$30,378

Accounts Receivable

$5

$855

Total Assets

$43,608

$56,387

Short-Term Debt

$96,221

$13,548

Long-Term Debt

$474,686

$0

Total Liabilities

$570,907

$15,656

Ratings

last updated 10/11/2020

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