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Security Type
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CAFES
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Categories
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Technology, Financial Services, Healthcare & Medical
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Min Investment
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$100
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Expected Close Date
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April 30, 2023
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Target Raise
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$1.00M-$5.00M
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No. Investors
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5
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Security Price
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$1
- 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
๐ We've grown from $0 to $25k MRR ($300k ARR) in the first 3 months of 2022.
๐ฅ The market is large and fragmented, with 1 million independent practitioners across the U.S.
๐ง Founding team have built large-scale telehealth platforms and b2b co's.
๐ Licensed in over 30 states, certified to market, and have onboarded our first 20+ practitioners.
๐ค 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 (acqรขโฌโขd 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
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$5,316,136
Reveal the Score by Voting
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โ
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
โ
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.