Vulcan Augmetics

Vulcan Augmetics

Democratizing prosthetics for developing nations 🦾

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Security Type
CAFES
Categories
Technology, Healthcare & Medical, Community & Lifestyle
Min Investment
$100
Location
Wilmington, DE
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$107.00K
No. Investors
90
Security Price
$1
Number of Employees
1
Cash
$2,790
Revenue
$30,825
Short Term Debt
$89,883
Cost of Goods
$18,417
Long Term Debt
$0
Net Income
$-51,169

Key Deal Facts

Techstars, Shark Tank, & SXSW Innovation Award company, 30 yrs experience in prosthetics & robotics
ISO 13485, export-ready, 18 clinics in nation-wide network with 80% conversion, 90% retention.
Fast execution: built, certified & launched functional robotic hand in 2.5 yrs, $420K raised
📝 3 patents in mechatronics, ML and UX systems — 1 assigned, 2 pending
Transforming the $800 billion physical disability market, starting with prosthetics
Vulcan is 10x cheaper & 5x faster to fit than competitors, can be upgraded at home in seconds

Management Team / Advisory Board Bios

Rafael Masters CEO & Co-founderRafael grew up next to the biggest disabled college in the UK, and has spent a lifetime working around disabilities. He has an MBA, is self taught in 3d design and manufacture, and is listed on multiple patents. He is also a huge sci fi and lego fan., Ella Trinh COO & CofounderElla is from a military family and spent her childhood around veterans with war injuries. Her talent in CX, system design, network building, and marketing built Vulcan into an industry leader: 2 yrs from founding to certified product with NPS 4.5/5, Duy Phuong Nguyen Software LeadDuy leads the Machine Learning and software development at Vulcan, and ran the ML project with Qualcomm last year. He is currently taking a PhD in Robotics and Machine Learning at Princeton university., Mark Messina CTO Mark is our fractional CTO, he has 30 years experience in robotics and medical devices, is an ex director of robotics at Amazon, and will be brought over full time with funds from this round., Trúc Anh Nguyễn, Lucie Nguyen
Amount Raised : $158,888
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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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