MedVector
Transforming Clinical Trials
Analytics
Raised to Date: $769,926
Aggregate Commitments $
Platform
StartEngine
Start Date
10/27/2020
Close Date
04/30/2021
Min. Goal
$9,999
Max. Goal
$1,070,000
Min. Investment
$496
Security Type
Equity - Common
Funding Type
RegCF
Series
Pre-Seed
Pre-Money Valuation
$10,000,000
Rolling Commitments $
Status
Active
Reporting Date
04/21/2021
Days Remaining
8
% of Min. Goal
7,700%
% of Max. Goal
72%
Likelihood of Max
Avg. Daily Raise
$4,375
# of Investors
488
Momentum
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Location
El Segundo, California
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
MedVector, with a $10 million pre-money valuation, is raising crowdfunding on StartEngine. It is a telemedicine platform that aims to accelerate clinical trials. The platform will connect subjects from across the world to clinical trial sites and increase participation in clinical trials. Scott Stout and Dr. Dennis Patterson founded MedVector in 2017. The current crowdfunding round has a minimum target of $9,999.20 and a maximum target of $1,069,999.95, and the proceeds will be used for the launch of the platform. MedVector platform has access to seven hospitals consisting of hundreds of thousands of patients per year. The company has signed two LOIs and completed three case studies with Novartis.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-512,457 |
$-311,702 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$26,998 |
$148,600 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$253,690 |
$188,600 |
|
Short-Term Debt |
$208,552 |
$500,302 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$208,552 |
$500,302 |
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