MedVector

Deal To Watch
BETA

Transforming Clinical Trials

Analytics

Raised to Date: $624,853

Aggregate Commitments $
Platform

StartEngine

Start Date

10/27/2020

Close Date

04/21/2021

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

Weekly Commitments $
Status

Active

Reporting Date

01/17/2021

Days Remaining

92

% of Min. Goal

6,249%

% of Max. Goal

58%

Likelihood of Max
Avg. Daily Raise

$7,620

# of Investors

359

Momentum
Location

El Segundo, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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

Ratings

last updated 01/19/2021

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