OsNovum
Early Stage
We improve skeletal health to extend lifespan and increase quality of life
Overview
Raised: $204,350
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/01/2020
Close Date
03/31/2021
Min. Goal
$60,750
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$25.00
Early Bird Valuation
$11,999,520
Pre-Money Valuation
$14,400,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/06/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,717
# of Investors
146
Momentum
Funded
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Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
Biotech
Distribution Model
B2B
Margin
High
Capital Intensity
High
OsNovum, with a pre-money valuation of $14.4 million, is raising funds on Wefunder. The company has developed a patented-technology to regenerate bones affected by osteoporosis. The technology aims to improve skeletal health and improve the lifespan and quality of life. Gregory Steiner and Roslynn Steiner founded OsNovum in June 2020. The current round of crowdfunding has a minimum goal of $60,750 and a maximum goal of $1,070,000, and the proceeds will be used for FDA tests, ISO certification, regulatory submission, production equipment, product delivery systems, capital improvements, and salaries. OsNovum’s technology is already cleared by the FDA for maxillofacial use and waiting for clearance for skeletal use. The company plans to launch specialty clinics based on its technology.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$100 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 12/01/2020
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