VibeTech Enterprises
Revolutionary therapeutic vibration technology to reduce falls in older adults
Analytics
Raised to Date: $204,154
Aggregate Commitments $
Wefunder
11/04/2020
04/13/2021
$330,007
$1,069,993
$300
Equity - Common
RegCF
Seed
$14,039,116
Weekly Commitments $
Active
02/28/2021
42
62%
19%
$1,760
44
Sheboygan, Wisconsin
Fitness & Wellness
Medtech
B2B/B2C
High
High
VibeTech Enterprises, with a pre-money valuation of $14 million, is raising funds on Wefunder. The company makes and sells a therapeutic vibration solution that reduces the rate of falls in older adults. The device finds use in hospital systems, health insurance companies, and older-adult care facilities. VibeTech Enterprises was founded by Jeff Leismer in 2018 and has raised over $1.9 million since its inception. The current round of crowdfunding has a minimum goal of $330,007 and a maximum goal of $1,069,993, and the proceeds will be used for new product development, enhancement of customer support functions, software development for user data accumulations, and working capital. VibeTech Enterprises won McKnightâs Excellence in Technology Innovator of the Year Gold Award in 2020.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$45,040 |
$5,400 |
|
COGS |
$0 |
$220 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-368,180 |
$-260,226 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$19,170 |
$9,657 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$29,265 |
$16,817 |
|
Short-Term Debt |
$272,512 |
$386,014 |
|
Long-Term Debt |
$1,581,373 |
$0 |
|
Total Liabilities |
$1,853,885 |
$1,473,257 |
Ratings
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For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.Other Deals
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