HealtheMed

Deal to Watch
BETA

HealtheMed greatly improves the lives of the sickest and poorest Medicaid patients

Analytics

Raised to Date: $35,834

Aggregate Commitments $
Platform

Wefunder

Start Date

08/17/2020

Close Date

12/03/2020

Min. Goal

$50,000

Max. Goal

$600,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$3,000,000

Discount Rate

0%

Weekly Commitments $
Status

Active

Reporting Date

09/16/2020

Days Remaining

75

% of Min. Goal

72%

% of Max. Goal

6%

Likelihood of Max
Avg. Daily Raise

$1,194

# of Investors

47

Momentum
Location

Mendota Heights, Minnesota

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

HealtheMed, with a $3 million valuation cap, is raising crowdfunding on Wefunder. It is a telemedicine platform that allows sick and poor patients to see their doctors online. The platform specifically focuses on special needs patients who live confined in their homes and suffer from chronic diseases like quadriplegia and muscular dystrophy. Thomas Spencer and Robert Arnold founded HealtheMed in 2018. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $600,000, will be used to launch and commence operations, including payroll, sales, and marketing. HealtheMed has a contract with the Minnesota Medicaid program targeting 77,000 potential subscribers. The company also has an exclusive contract with MMCAP Infuse for marketing HealtheMed to its 12,000 institutional customers.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$5

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-13,061

$-16,467

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$605

$13,656

Accounts Receivable

$0

$0

Total Assets

$605

$13,656

Short-Term Debt

$90

$90

Long-Term Debt

$0

$0

Total Liabilities

$90

$90

Ratings

last updated 09/16/2020

Research

Other Deals

UpLyft on Wefunder

UpLyft has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for deals selected…

Crowd
Millennial Fertility Co. on NetCapital

The Millennial Fertility Co. team has been selected as a “Deal to Watch” by KingsCrowd. This distinction is…

Crowd
Biopact on Equifund CFP

Biopact has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for deals selected…

Crowd
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add HealtheMed on Wefunder
Follow company
Follow HealtheMed on Wefunder