Proof in Recovery

Digital therapeutics and remote patient monitoring for substance use disorders

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Security Type
CAFES
Categories
Technology, Financial Services
Min Investment
$100
Location
Chicago, IL
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$250.00K
No. Investors
48
Security Price
$1
Website
proofinrecovery.com
Number of Employees
1
Cash
$2,395
Revenue
$49,000
Short Term Debt
$24,500
Cost of Goods
$24,500
Long Term Debt
$40,000
Net Income
$-39,875

Company Description

Our mission is to work with providers to improve care, prove outcomes, and reduce the cost of care. We envision a healthcare system where patients are at the center of care, quality dictates provider reimbursements, and treatment is driven by empirical data

Key Deal Facts

Help improve treatment & recovery for friends and family
$925M revenue opportunity
1st place: NIDA's patient journey challenge

Management Team / Advisory Board Bios

Michael Hunn; CEO & Founder; Zachary Ratcliff, Founder & CEO
Amount Raised : $64,826
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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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