Monogram Orthopaedics
Linking 3D printing, machine learning, and robotics for high precision implants.
Analytics
Raised to Date: $14,588,668
Aggregate Commitments $
SeedInvest
03/13/2019
03/31/2020
$2,750,000
$20,000,000
$1,000
Equity - Preferred
RegA+
$21,250,000
Weekly Commitments $
03/31/2020
530%
73%
$37,991
Healthcare & Pharmaceuticals
Monogram Orthopaedics, with a pre-money valuation of $21.25 million, is raising funds on SeedInvest through Reg A+ crowdfunding. The company has used artificial intelligence, 3D printing, and robotics to create high-precision implants. The novel approach of Monogram Orthopaedics finds excellent use in joint reconstruction and joint replacement surgeries. Monogram Orthopaedics was founded by Dr. Douglas Unis in 2016 and has raised over $1.6 million in previous rounds of financing. The current round of funding has a minimum raise of $2,750,000 and a maximum raise of $20,000,000, and the proceeds will be used for optical tracking integration, intellectual property filings, implant mechanical testing, and general expenses. The products of Monogram Orthopaedics have demonstrated a seven times improvement in initial stability and 72% less micromotion against the current standard.
Balance Sheet
|
Cash and Cash Equivalents |
$922,108 |
|
Investment Securities |
$0 |
|
Total Investments |
$0 |
|
Accounts and Notes Receivable |
$0 |
|
Loans |
$0 |
|
Property, Plant and Equipment (PP&E) |
$0 |
|
Property and Equipment |
$0 |
| Total Assets |
$1,184,254 |
|
Accounts Payable & Accrued Liabilities |
$423,280 |
|
Policy Liabilities and Accruals |
$0 |
|
Deposits |
$0 |
|
Long Term Debt |
$223,000 |
|
Total Liabilities |
$2,575,280 |
|
Total Stockholders' Equity |
$-1,391,026 |
| Total Liabilities and Equity |
$1,184,254 |
Statement of Comprehensive Income Information
|
Total Revenues |
$0 |
|
Total Interest Income |
$0 |
|
Costs & Expenses Applicable to Rev |
$0 |
|
Total Interest Expenses |
$0 |
|
Depreciation and Amortization |
$30,957 |
| Net Income |
$-712,268 |
|
Earnings Per Share - Basic |
$-7 |
|
Earnings Per Share - Diluted |
$-7 |
Summary of Crowdfunding Raises
| Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/30/2021 | StartEngine | $75,000,000 | $1,079,202 | Equity - Preferred | Active | RegA+ |
| 03/31/2021 | StartEngine | $0 | $2,965,501 | Equity - Preferred | Active | Test the Waters |
| 03/31/2020 | SeedInvest | $21,250,000 | $14,588,668 | Equity - Preferred | Confirmed Closed | RegA+ |
Analyst Report
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