RedOak Instruments

Neutral
BETA

Red Oak Instruments produces biomedical devices that allow quantitative measurements of fine motor skills.

Analytics

Raised to Date: $45,560

Aggregate Commitments $
Platform

Netcapital

Start Date

02/21/2021

Close Date

04/01/2021

Min. Goal

$10,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$6,927,896

Weekly Commitments $
Status

Active

Reporting Date

03/03/2021

Days Remaining

28

% of Min. Goal

456%

% of Max. Goal

5%

Likelihood of Max
Avg. Daily Raise

$4,556

Momentum
Location

Katy, Texas

Industry

Healthcare & Pharmaceuticals

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

RedOak Instruments, with a post-money valuation of $7.9 million, is raising a RegCF round on NetCapital. The company makes biomedical devices that help in the quantitative measurement of fine motor skills. The instruments allow doctors to measure patients’ functionality, helping them with their diagnosis. Richard Behlmann founded RedOak Instruments in 2008. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $1,000,000, will be used for software development, marketing and sales, development of tech support, manufacturing, compensation, and staff support. The medical device of RedOak Instruments is FDA approved, quick, and non-invasive. The company will either sell or lease the instrument to generate initial revenue of about $5,000 per device per year.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$75,389

Tax

$0

$0

 

 

Net Income

$-243,003

$-276,797

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$17,987

$126,565

Accounts Receivable

$0

$0

Total Assets

$70,738

$180,467

Short-Term Debt

$257

$4,983

Long-Term Debt

$0

$0

Total Liabilities

$257

$4,983

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
04/01/2021 Netcapital $6,927,896 $45,560 Equity - Common Active RegCF
04/01/2021 Netcapital $7,927,896 $0 Equity - Common Confirmed Closed Test the Waters

Ratings

last updated 03/04/2021

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