Klinic

Powering a Shopify-like experience for Providers to build medical practices

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Security Type
CAFES
Categories
Technology, Software, B2B, Marketplace, Healthcare/Medical
Min Investment
$100
Location
Plano, TX
Expected Close Date
April 30, 2023
Target Raise
$1.00M-$5.00M
No. Investors
5
Security Price
$1
Website
klinic.care
Number of Employees
10
Cash
$716,745
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$1,050,000
Net Income
$385,015

Key Deal Facts

📈 We've grown from $0 to $25k MRR ($300k ARR) in the first 3 months of 2022.
👥 The market is large and fragmented, with 1 million independent practitioners across the U.S.
🧠 Founding team have built large-scale telehealth platforms and b2b co's.
📄 Licensed in over 30 states, certified to market, and have onboarded our first 20+ practitioners.
🤝 Investors from MVC, Liquid 2 Ventures, Wicklow Capital, SCM Advisors, and other Angels

Management Team / Advisory Board Bios

Avish Bhama Founder, CEO at Klinic3x founder: previously managed product at Carta, founder of automation co Sonia, and founder of bitcoin exchange Vaurum (spun off to Xapo)., Dan Cheung Cofounder & Head of Product + TechProduct & Tech exec; previously built product at CareHopper, cofounder of Sudo Labs and SnapUp (acq’d by Ipsy)., Anton Neugebauer Head of GrowthMedical Marketer specializing in Provider and Member acquisition; built and ran multiple medical marketing agencies having generated $50m+ for practitioners., Aneel Ursani Medical DirectorPsychiatrist having built clinical protocols and procedures at large-scale telehealth platforms., Ryan Wade Medical DirectorPsychiatrist specializing in addiction; Formerly at Yale School of Medicine, and director at residential rehab clinic., Kansas Cafferty Clinical DirectorLMFT, Chairman of NAADAC, SUD specialist; built and ran rehab centers and mental health practices.
Amount Raised : $5,316,136
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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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