Choose Health
Early Stage
Simple, Affordable, At-Home Health Testing
Overview
Raised: $253,924
Total Commitments ($USD)
Platform
Republic
Start Date
07/20/2020
Close Date
03/15/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,071
# of Investors
856
Momentum
Funded
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Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Choose Health, with a $5 million valuation cap, is raising crowdfunding on Republic. The company offers a personalized, at-home health tracking service, empowering individuals to take control of their health. The users can select their own biomarkers to track and understand how their lifestyle is impacting their internal health. Choose Health was founded by Mark Holland, Michael Aaron, and Sarah Mosser in April 2019. The proceeds of the current round of crowdfunding, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used for additional software and product development support, D2C paid media scaling and sales efforts. Choose Health has over 350 active D2C subscriptions and is on track to cross 2,000 by the end of 2020. The test offerings of Choose Health include COVID-19 antibody testing as of April 2020.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$7,418 |
$0 |
|
COGS |
$2,732 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-250,355 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$10,218 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$10,218 |
$0 |
Financials as of: 07/20/2020
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