Robovet
Early Stage
Revolutionary new imaging and robotic technology for pets
Overview
Raised: $208,424
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/11/2019
Close Date
08/31/2020
Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$3,000,000
Discount
25%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/05/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$792
# of Investors
474
Momentum
Funded
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Year Founded
2019
Industry
Pet Health, Food, and Services
Tech Sector
Medtech
Distribution Model
B2B
Margin
High
Capital Intensity
High
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 |
Financials as of: 12/11/2019
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