Robovet

Robovet

Revolutionary new imaging and robotic technology for pets

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Security Type
SAFE
Categories
Other
Min Investment
$25
Offering Date
December 03, 2019
Expected Close Date
July 31, 2020
Target Raise
$100.00K-$1.07M
Deal Notes

$1.00 per share

25.0% discount

$25K+ pro rata right threshold

Company Description

Robovet Corporation has developed a new MR imaging technology that can also help treat disease in our pets. The same magnets that provide high resolution images can also manipulate surgical tools and guide magnetic particles to help treat disease in animals such as cancer.

Perks

Invest $150+ for Robovet t-shirt
$1,000+ Voucher for one MRI scan at participating device sites
$5,000+ Join us at launch party where we demo the system to veterinarians
$150,000+ Get MRI system for small animals, (after small animal system has been assembled and tested for trade show)
$250,000+ Get MRI equine lower extremity system, (after equine system has been assembled and tested for trade show)

Key Deal Facts

Proprietary imaging technology with 18 granted patents, 100 patents pending.
Founder started 4 companies valued at $100m+. Built medical imaging devices used by a million people.
Less than 1/4th the cost of conventional diagnostic MRI systems.
Advisor and investor helped start 200+ companies with multiple 100m+ exits.
Versatile technology applicable to horses and companion pets with an estimated $3.1 billion addressable market for compact diagnostic MRI.
Veterinary services market projected at $47.3 billion in 2020.
Strong team of radiologists, physicists and engineers with current success developing veterinary imaging technology for horses and people.
Lead Investor: Rainmakers committed $10,000 on these terms

Use of Proceeds

If $100,000 is raised:

92.5%: develop a prototype full-scale MRI system to a level that can be displayed at conferences and trade-shows. 7.5% towards Wefunder intermediary fee

If $1,070,000 is raised:

82.5%: towards construction of a full-scale veterinary MRI system. A timeline of 1-2 years is projected for system development and manufacturing capabilities. 10% towards business development including part-time hires and paid advertising 7.5% towards Wefunder intermediary fee, 

Management Team / Advisory Board Bios

M.C. Seward
President/CEO
Dr. Seward is a veterinary radiologist and MBA graduate with professional experience in both the equine industry and veterinary field. He has authored scientific publications on veterinary imaging and MRI-guided veterinary therapy.

David Beylin
VP Business Development
David Beylin MS MBA is a physicist who has designed and built scanners for human and veterinary use. His most recent system was recently acquired by Southern California Equine Foundation for imaging thoroughbred horses.

Irving Weinberg
Founder/Secretary
Dr. Weinberg is a radiologist, physicist, and serial medical device entrepreneur. He founded 4 start-up medical device companies that have a total valuation in excess of $100M. He has built medical imaging devices used by a million people.

Deal Notes

$1.00 per share

25.0% discount

$25K+ pro rata right threshold

Amount Raised : $196,003
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Security Description

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