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NASCEND

The New Paradigm of Care for NAS

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Security Type
CAFES
Categories
Education, Technology, Social Impact, Other, Financial Services, Healthcare & Medical
Min Investment
$100
Location
Louisville, KY
Offering Date
July 05, 2023
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$1.24M
No. Investors
18
Security Price
$1
Website
nascend.com
Number of Employees
3
Cash
$125,245
Revenue
$83,183
Short Term Debt
$130,566
Cost of Goods
$0
Long Term Debt
$497,321
Net Income
$-288,758

Company Description

NASCEND is a certified B Corp that provides technology-enhanced education, training and certification for healthcare systems and providers caring for opioid exposed infants (OEI). Generating revenue since 2017, we have launched 2 proprietary apps and will be launching the second generation of each of these apps in the next 6 months. We anticipate having our entire line of educational products and services in-market by the end of 2023.

Management Team / Advisory Board Bios

Kathryn Dawn Forbes, MDCEO, Founder & Sole DirectorDr. Dawn Forbes is the founder and CEO of NASCEND, a Certified B Corporation created to advance better outcomes for infants and families affected by maternal substance use through education, certification and technology. Dr. Forbes is board certified in both neonatal-perinatal medicine and pediatrics, providing care for sick newborns; and treatment, education and counseling for pregnant and early parenting women with substance use disorder A nationally recognized expert in the care and improved outcomes of opioid exposed infants, Dr Forbes serves as the visionary and lead developer for training, education and technology products for NASCEND. Dr Forbes has received several honors including the MediStar Leadership in Healthcare Award from Medical News in 2019; Healthcare Hero recognition, receiving the Innovator Award from Business First Louisville in 2020; and most recently she was recognized as a member of the Forbes Next 1000 for 2021 as an entrepreneur to watch., Alexa DoyleExecutive AssistantAlexa is the executive assistant to Dr. Dawn Forbes and serves as the liaison between Dr Forbes and all team members. She supports NASCEND with a broad range of administrative tasks such as internal and external communications, project management, calendar and travel coordination, and organizing resources to improve office function. William J Ryan, Ph. D.Education & Tech ConsultantBill provides strategic and technical guidance to develop and impact talent through learning and performance solutions. He supports NASCEND's initiatives centered on learning technology ranging from LMS implementation, clinical performance support systems and curriculum development. Bill works approximately 5-15 hrs/week for NASCEND. Beth DlutowskiOperations & Business ConsultantBeth is an experienced senior executive and certified project management professional with strong operational and P&L expertise. She provides operations and strategic planning for NASCEND. Beth works approximately 10-20 hrs/week for NASCEND. Weston BurchettDirector of Technology StrategyWeston has a decade of experience helping companies solve problems that occur within the nexus of complex technical, business, and engineering challenges. Specializing in software-based solutions and business process integrations, he drives cost-savings and increases efficiency for NASCEND while ensuring the customer experience and level of service are continually improving. Weston works approximately 5-15 hrs/week for NASCEND.

Amount Raised : $284,100
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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.

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