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Medical Software Company Investment Opportunity in Carlsbad, United States

Software products with explosive growth in online counselling & post-therapy support services seeks investment.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity C Corporation
Reported Sales USD 564 thousand
Run Rate Sales USD 564 thousand
EBITDA Margin Nil
Industries Medical Software + 1 more
Locations  Carlsbad
Local Time 11:20 PM US / Pacific
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 2 million for 14.0% stake (Native Currency: USD 2,000,000)
Reason: YTD we have raised $1.5M in pre-seed to develop our product and launch it in the market. We are curr... View More
Includes physical assets worth USD 5 thousand
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Business Overview

- This is an in-house developed proprietary software product for counselling & therapy services.

- We started out of Canada and have 25,000 users combined in Canada / the US with 7,500+ mental healthcare providers (marital therapists, psychologists, etc. )

- In Feb 2020, we acquired a US-based startup company expanding our services in the US. In the same year, we received a total of 4 multi-million dollar acquisition offers to validate our product, team, and business model.

- We won ready-to-rocket in the best emerging digital health companies for 3 years.

- This year, we hit the $47K mark in monthly revenue ($564K per year) and are on track to hit $100K by Sept ($1.2M in sales).

- We continue to receive 5-star client satisfaction ratings with an average number of clients taking 6x (60 min) sessions per client.

- Company is in the growth stage and has yet to generate profit.

- Revenue is generated from monthly subscriptions and pay as you use models.

Products & Services Overview

We have two therapy products currently in the market.

- On-demand, pay-as-you-go 30 & 60 min video counselling sessions.

- 40+ in-between online support therapy tools on a monthly subscription model.

Assets Overview

- Due to the nature of the software industry, all of our assets are intangible.

- Match-making software algorithm (IP)

- Brand designs, trademarks, domains.

- Unique systems and processes.

- Potential B2B partnerships in the pipeline (with insurance, employee benefit providers)

- Office equipment - computers, monitors.

Facilities Overview

The Canadian head office is located in Surrey, British Columbia while the US office is located in Carlsbad, California. Offices are on rent.

Our technology-based platform is fully hosted on Amazon cloud servers in multiple locations with in-built security and encryption of 256-bit layer to securely store and safeguard all client data.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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