Pops

Self-care AI med-tech platform and glucometer that enables people to manage their own diabetes.

Analytics

Raised to Date:
$84,800 - RegCF
$1,972,938 - Total
Aggregate Commitments $
Platform

SeedInvest

Start Date

05/26/2021

Close Date

08/14/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$1,000

Security Type

Convertible Note

Funding Type

RegCF / RegD 506(C)

Series

Series A

Valuation Cap

$25,000,000

Discount Rate

20%

Rolling Commitments $
Status

Active

Reporting Date

06/13/2021

Days Remaining

62

% of Min. Goal

339%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,711

Momentum
warm
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Location

Oak Park Heights, Minnesota

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Pops, with a $25 million valuation cap, is raising crowdfunding on SeedInvest. The company has developed a self-care med-tech platform that helps people to manage their own diabetes. The AI-based virtual assistant, Mina, supports the users and offers diabetes management along with the Rebel meter to measure blood sugar. Lonny Stormo founded Pops in 2015. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used for marketing, customer success, R&D, product support, clinical expenses, and operations. Pops has an FDA-approved product and achieved a 90% month-over-month user growth for the four months of 2021.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$28,684

$5,994

COGS

$23,856

$12,105

Tax

$0

$0

 

 

Net Income

$-1,651,287

$-1,852,905

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,426,581

$1,284,047

Accounts Receivable

$2,627

$0

Total Assets

$2,068,596

$2,167,607

Short-Term Debt

$446,691

$424,040

Long-Term Debt

$1,703,070

$188,400

Total Liabilities

$2,149,761

$612,440

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