AudioCardio on Republic

Aggregate Commitments $

Platform

Republic

Start Date

01/29/2021

Close Date

04/30/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$9,750,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

04/21/2021

Days Remaining

7

% of Min. Goal

422%

% of Max. Goal

10%

Likelihood of Max
unlikely

Avg. Daily Raise

$1,286

# of Investors

224

Momentum
cool

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Location

Santa Monica, California

Industry

Consumer Products, Goods & Services

Tech Sector

HealthTech

Distribution Model

B2B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

AudioCardio, with a valuation cap of $9.75 million, is raising funds on Republic. The company offers personalized sound therapies to maintain and strengthen hearing. The therapy is offered through Threshold Sound Conditioning technology, which is backed by data and science. Chris Ellis founded AudioCardio in 2018. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,070,000, and the proceeds will be used for platform development, fully-scaled marketing campaign, and developing new partnerships. AudioCardio has already offered over 135,000 sound therapy sessions and more than 62,000 hearing assessments.

Summary Profit and Loss Statement

Revenue

$2,288

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-64,049

$-74,645

Summary Balance Sheet

Cash

$207,611

$40,316

Accounts Receivable

$0

$0

Total Assets

$278,027

$56,686

Short-Term Debt

$59,416

$26,153

Long-Term Debt

$0

$0

Total Liabilities

$59,416

$26,153

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