Robovet

Neutral
BETA

Revolutionary new imaging and robotic technology for pets

Analytics

Raised to Date: $208,424

Aggregate Commitments $
Platform

Wefunder

Start Date

12/12/2019

Close Date

08/31/2020

Min. Goal

$100,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$3,000,000

Discount Rate

25%

Weekly Commitments $
Status
Funded
Reporting Date

09/06/2020

Days Remaining
Funded
% of Min. Goal

208%

% of Max. Goal

19%

Likelihood of Max
Funded
Avg. Daily Raise

$792

# of Investors

474

Momentum
Funded
Location
Industry

Pet Health, Food, and Services

Tech Sector

Medtech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Business Type

Growth

Robovet, a revolutionary robotic technology for pets, is raising funds on WeFunder. The company has a valuation cap of $4 million and has developed a patented imaging technology for animals. The Robovet technology will enhance veterinary imaging and revolutionise veterinary care for pets, at a quarter of the cost of traditional MRI systems. The same technique can also use magnets to move surgical tools and magnetics particles to treat diseases in animals. Robovet was founded by Irving Weinberg in 2019. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $1,070,000, will be used to develop a prototype full-scale MRI system and for business development and advertising. The proprietary technology of Robovet has 18 granted patents and 100 pending patents.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-15

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$10,179

$0

Accounts Receivable

$0

$0

Total Assets

$10,179

$0

Short-Term Debt

$10,020

$0

Long-Term Debt

$0

$0

Total Liabilities

$10,020

$0

Ratings

last updated 09/13/2020

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