Fruit Street Health

Neutral
BETA

Fruit Street Health - Delivering High Quality Telemedicine Services

Analytics

Raised to Date: $0

Aggregate Commitments $
Platform

StartEngine

Start Date

05/13/2020

Close Date

08/12/2020

Min. Goal

$10,000

Max. Goal

$250,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Series B

Pre-Money Valuation

$104,000,000

Weekly Commitments $
Status
Not Funded
Reporting Date

06/17/2020

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
Location

New York, NY

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

Fruit Street Health, with a pre-money valuation of $104.3 million, is raising crowdfunding on StartEngine. It is a telehealth company offering telemedicine services through its own business and partners. Fruit Street Health has its online diabetes prevention program recognized by CDC, in addition to its general telehealth software. Presently, Fruit Street Health is managing COVID-19 cases through its risk assessment, triage, and video consulting platform. Fruit Street Health was founded by Laurence Girard in 2014 and has raised over $20 million since its inception. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $250,000, and the funds will be used to grow the CovidMD platform. Fruit Street Health is working towards providing trust and access to quality care in the times of public health crises and plans to keep growing.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$516,648

$170,218

COGS

$388,128

$65,035

Tax

$0

$0

 

 

Net Income

$-4,854,359

$-2,310,963

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$287,360

$101,368

Accounts Receivable

$0

$0

Total Assets

$805,003

$795,101

Short-Term Debt

$364,375

$171,854

Long-Term Debt

$3,583,340

$0

Total Liabilities

$3,947,715

$1,840,280

Ratings

last updated 08/23/2020

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