CallingDr

Deal to Watch
BETA

Connecting doctors with patients anytime, anywhere

Analytics

Raised to Date: $343,208

Aggregate Commitments $
Platform

Republic

Start Date

06/11/2020

Close Date

09/04/2020

Min. Goal

$25,000

Max. Goal

$359,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

5%

Weekly Commitments $
Status
Funded
Reporting Date

09/16/2020

Days Remaining
Funded
% of Min. Goal

1,373%

% of Max. Goal

96%

Likelihood of Max
Funded
Avg. Daily Raise

$4,038

# of Investors

1,124

Momentum
Funded
Location

Lake Mary, FL

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

CallingDr, with a $10 million valuation cap, is raising funds on Republic. The device-independent solution of CallingDr connects doctors and patients, anywhere and anytime. It assists doctors and patients in terms of accessibility, availability, portability, manageability, and safety. The telehealth platform has three main products: CallingDr, CallingDr -On Demand, and FindingDr. CallingDr was founded by Adnan Malik, Dr. M. Shaukat, M. Kashif Akram, and Dr. Iram Malik in 2019 and has raised over $1 million since its founding. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $359,000, will be used for growth and expansion. CallingDr reported a 600% growth in patient visits during the COVID-19 pandemic between March and May 2020. It generated $280,000 in revenue in 2019 and is expected to generate $1 million this year.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$204,513

$34,408

COGS

$258,779

$83,771

Tax

$0

$0

 

 

Net Income

$-441,632

$-53,658

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$467,685

$11,898

Accounts Receivable

$0

$0

Total Assets

$679,499

$232,811

Short-Term Debt

$30,983

$0

Long-Term Debt

$0

$0

Total Liabilities

$30,983

$0

Ratings

last updated 09/16/2020

Research

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