# Elemeno Health (2025)

Closed: Jan. 2025

## About this raise

Elemeno Health, with a valuation of $6 million, is raising funds on Wefunder. It is a medical information platform that serves as a personal assistant for doctors and nurses. Elemeno Health facilitates team communication and point-of-care training and played a phenomenal role in the fight against COVID-19. The company reported a 50% subscription growth over the trailing twelve months and has an annual recurring revenue of $2.5 million. Dr. Arup Roy-Burman founded Elemeno Health in January 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $2.5 million. The campaign proceeds will be used for sales and marketing, product and engineering, and general and administrative expenses.

## Investment Overview

**Invested this round:**
$143,049

### Deal Terms

#### Total Commitments
- **Platform:** Wefunder  
- **Start Date:** 08/06/2024  
- **Close Date:** 01/24/2025  
- **Min. Goal:** $50,000  
- **Max Goal:** $2,500,000  
- **Min. Investment:** $100  
- **Security Type:** Equity - Preferred  
- **Company Stage:** Growth Stage  
- **SEC Filing Type:** RegCF  
- **Price Per Share:** $0.06  
- **Early Bird Valuation:** $5,000,000  
- **Pre-Money Valuation:** $6,000,000

### Company & Team

#### Company
- **Year Founded:** 2016  
- **Industry:** Healthcare & Pharmaceuticals  
- **Tech Sector:** HealthTech  
- **Distribution Model:** B2B  
- **Margin:** Low  
- **Capital Intensity:** Low  
- **Location:** Oakland, California  
- **Business Type:** Growth  
- **Company Website:** [Visit Website](https://www.elemenohealth.com/)

#### Team
- **Employees:** 20  
- **Founder Name:** Arup Roy-Burman  
- **Title:** Chief Executive Officer and Chief Medical Officer

## Financials

- **Revenue YoY:** +13%  
- **Revenue (FY23):** $1.7M  
- **ARR:** $2.5M  
- **Monthly Burn:** $200K  
- **Runway:** 6 months  
- **Gross Margin:** 59%

### Summary Profit and Loss Statement

|            | FY 2023     | FY 2022     |
|------------|-------------|-------------|
| Revenue    | $1,718,775  | $1,515,596  |
| COGS      | $1,347,484  | $839,123    |
| Tax        | $4,696      | $3,363      |
| Net Income  | $-5,038,549 | $-4,006,183 |

### Summary Balance Sheet

|                     | FY 2023     | FY 2022     |
|---------------------|-------------|-------------|
| Cash                | $2,900,788  | $3,627,979  |
| Accounts Receivable  | $226,850    | $244,140    |
| Total Assets        | $3,306,630  | $4,075,376  |
| Short-Term Debt     | $1,716,673  | $761,498    |
| Long-Term Debt      | $0          | $0          |
| Total Liabilities   | $1,716,673  | $761,498    |

### Synopsis

Elemeno Health is a healthcare technology company offering custom-built training platforms for hospitals and clinics. Elemeno's cloud-based app offers "just-in-time" actionable information to frontline staff 24/7 through bite-sized multimedia job aids for equipment, procedures, and workflows specific to each hospital/clinic.

Using Elemeno's platform, customers have seen a 75% reductions in time to implement training, 40% decrease in orientation time, and 75% reduction in serious patient harm events. Elemeno Health addresses the gap between hospital policy and actual frontline clinical practice, reducing medical errors and improving patient outcomes by standardizing practices and providing easy access to critical information.

### Price

Elemeno Health is offering Preferred Equity in its current funding round. The pre-money valuation for this round is set at $6 million, with shares priced at $0.06 each.

### Market

The healthcare professional training market in the U.S. is valued at approximately $271.8 million, with an annual growth rate of 7.6%. This market is driven by several key trends including increased complexity of healthcare delivery and the ongoing workforce crisis in healthcare.

### Team

Elemeno Health is led by Founder and Chief Medical Officer Dr. Arup Roy-Burman. New at the helm is Tim Coulter, who joined as CEO on December 16, 2024.

### Differentiation

Elemeno Health’s specialized focus on point-of-care training provides a unique value proposition that sets it apart from competitors like HealthStream and Relias.

### Performance

Elemeno Health has reported a 50% increase in subscriptions, contributing to an annual recurring revenue (ARR) of $2.5 million.

### Risk

Key risks include the company's financial situation characterized by low runway and operating losses.

### Bullish Outlook

The company's focus on point-of-care training and real-time team communication provides significant competitive advantages.

### Bearish Outlook

Challenges in differentiating from established competitors may restrict growth potential.

### Executive Summary

Despite a bearish outlook due to financial losses and market competition, Elemeno Health’s performance indicators and growth potential present a compelling opportunity for investors.