Fruit Street Health
Growth Stage
Fruit Street Health - Delivering High Quality Telemedicine Services
Overview
Raised: $0
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/12/2020
Close Date
08/12/2020
Min. Goal
$10,000
Max. Goal
$250,000
Min. Investment
$250
Security Type
Equity - Common
Series
Series B
SEC Filing Type
RegCF
Price Per Share
$2.50
Pre-Money Valuation
$104,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
06/16/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2014
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
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 |
$1,668,426 |
|
Total Liabilities |
$3,947,715 |
$1,840,280 |
Financials as of: 05/12/2020
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