Protxx

Wearable device that improves the lives of those with complex neurological conditions

Analytics

Raised to Date: $0

Aggregate Commitments $
Platform

Wefunder

Start Date

04/05/2021

Close Date

06/13/2021

Min. Goal

$250,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$12,000,000

Discount Rate

20%

Rolling Commitments $
Status
Not Funded
Reporting Date

06/13/2021

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Location

Menlo Park, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Protxx, with a valuation cap of $12 million, is raising crowdfunding on Wefunder. The medical technology company has developed wearable sensors that transform the lives of people with complex neurological conditions. The phybrata sensor of Protxx detects involuntary motions of the body, analyses them, and quantifies the impairments. John Ralston founded Protxx in 2016. The proceeds of the current crowdfunding campaign, with a minimum goal of $250,000 and a maximum goal of $1,070,000, will be used for product development, sales and marketing, pilot deployments, IP and regulatory filings, and G&A expenses. Protxx’s PAAS model enhances the management and treatment of stroke, concussions, multiple sclerosis, and Parkinson’s.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$43,359

$21,995

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-463,931

$-708,347

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$2,384

$5,485

Accounts Receivable

$0

$0

Total Assets

$134,705

$163,641

Short-Term Debt

$1,321,770

$266,805

Long-Term Debt

$100,000

$735,000

Total Liabilities

$1,421,770

$1,001,805

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