NASCEND, PBC

Transformative Tech for Brighter Beginnings: Elevating Outcomes for Opioid Exposed Newborns

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Security Type
CAFES
Categories
Technology, Social Impact, Other, Financial Services, Healthcare & Medical
Min Investment
$100
Location
Louisville, KY
Expected Close Date
April 30, 2025
Target Raise
$50.00K-$1.24M
No. Investors
26
Security Price
$1
Website
nascend.com
Number of Employees
3
Cash
$150,358
Revenue
$160,040
Short Term Debt
$180,446
Cost of Goods
$0
Long Term Debt
$513,731
Net Income
$-88,379

Key Deal Facts

CEO & Founder: national expert, physician, Forbes 1000 Entrepreneurs to Watch 2021 & Who's Who 2024
$6.7M Revenue projected by 2025 with an average ACV of $150K
$4B total market revenue, currently with no direct competitor
Today, 7% of pregnant women disclose opioid use in pregnancy
Over a quarter of a million infants are born opiate exposed each year
Our outcomes: 84% fewer infants treated resulting in decreased admissions to the neonatal ICU
Our outcomes: $12.4K cost savings per infant with NAS
Profit from Purpose: Certified B-Corp, Public Benefit Corporation, and KY Canopy Certified company

Management Team / Advisory Board Bios

Dawn Forbes, MD CEO & FounderDr. 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 Forbes Next 1000., 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., Weston Burchett Director of Technology StrategyWeston specializes 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., William J. Ryan Education & Tech ConsultantBill provides strategic and technical guidance to develop and impact talent through learning and performance solutions. He supports NASCEND's learning technology ranging from LMS, clinical performance support systems and curriculum development.
Amount Raised : $286,325
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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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