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Security Type
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CAFES
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Categories
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Technology, Healthcare & Medical, Health & Fitness
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Min Investment
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$250
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Location
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Miami Shores, FL
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$1.24M
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No. Investors
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49
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Security Price
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$1
- Number of Employees
- 5
- Cash
- $67,964
- Revenue
- $0
- Short Term Debt
- $260,485
- Cost of Goods
- $0
- Long Term Debt
- $3,457,550
- Net Income
- $-497,756
Key Deal Facts
eNURSE can revolutionize chronic care at home assisting patients, caregivers & medical professionals
A fully integrated product platform ready to initiate FDA clearance process and commercialization
Founders- serial entrepreneurs that increased the market cap of prior venture from $35MM to $400MM
A team with a track record of successful commercial execution in the medical devices business.
A B2B2C product launch plan - initial target: group practices. Established Medicare reimbursements
Subscription based model with multiple revenue streams & gross margins over 70% (not guaranteed)
Founders and friends have invested their own money to fund the company thus far.
Patented technology - eNURSE Plus has several US and International patents issued.
Management Team / Advisory Board Bios
Cesar Garcia CEO & FounderWith breakthrough technology and excellent execution turned around IRIS Int'l: from near-bankruptcy to global leader in diagnostics urinalysis. Grew revenue to $130MM from $26MM . Market cap.+12X. Sold sold this public company for $400MM, 77% premium., Tom Warekois VP Commercial OperationsI’ve focused my career building commercial teams delivering marketing, sales, and support for new concept products, globally . As President Iris Diagnostics, managed division's revenues from $50MM to $120MM supporting company sale to Danaher for ~$400MM., Cesar Garcia CEO & Founder
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ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.