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MedVector

Operating

MedVector Corp

Biotech · El Segundo, CA · Founded 2017

Transforming Clinical Trials

Valuation cap ⓘ
$25.0M
As of Oct 2024 · from Reg CF Offering (2024) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$3,368,913
Crowd $989K · Private $2.4M · 6 rounds since 2019
Latest share price
$1.45
Reg CF · Common Stock · Nov 2020 offering price

Financials

FY2018–FY2024 · from SEC filings · hover any figure for its source
$0
−$312K
2018
$0
−$512K
2019
$0
−$322K
2020
$0
−$687K
2021
$0
−$654K
2022
$0
−$705K
2023
$0
−$432K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018 reviewed
FY2019 reviewed
FY2020
FY2021
FY2022 reviewed
FY2023 reviewed
FY2024
Income statement
Revenue
$0
$0
$0
$0
$0
$0
$0
Cost of goods sold
$0
$0
$0
$0
$0
$0
$0
Net income
-$311,702
-$512,456
-$322,214
-$687,288
-$653,737
-$704,633
-$431,991
Taxes paid
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$148,600
$26,998
$170,947
$369,811
$424,287
$64,386
$19,836
Accounts receivable
$0
$0
$21,028
$0
$0
$0
$0
Total assets
$188,600
$253,690
$458,668
$718,903
$759,063
$411,528
$376,022
Short-term debt
$500,302
$208,552
$312,959
$26,243
$360,140
$392,239
$639,320
Long-term debt
$0
$0
$0
$425,000
$1,085,000
$0
$0
Total liabilities
$500,302
$208,552
$312,959
$451,243
$1,445,140
$392,239
$639,320
Other
Headcount
—
2
2
0
0
2
0

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$10.0M
pre-money
$25.0M
Valuation cap
Reg CF · Common · Nov 2020
Reg CF · Note · May 2024

Blue bars are the pre-money valuation the company stated for a priced round. Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth, so don't compare them with the other bars.

Share price over rounds

$1.45$0.725$0.3077
Jul 2019Nov 2020
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2019
ClassOutstandingVotes / shareShare of totalLast price
Common Stock5,000,2451100.0%$1.45Nov 2020

Principal holders% as the filing states it, Jul 23, 2025

  • Scott Stout55.3%of votes

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $1MInvestors 1
Raised $114.6K / $618KInvestors 60Valuation cap $25M
Raised $700KInvestors 7
Raised $425KInvestors 6
Raised $874.3K / $1.1MInvestors 555Post-money $10.9M

Team

6 people
Dr. Dennis PattersonFounder
Hospital Relations, Board Member & Co-Founder

Dr. Patterson brings a wealth of knowledge from hospital management roles at Ernst & Young (UK) and was a founder of Wellspring Partners. He leads MedVector's hospital relationships.

Scott StoutFounder
CEO, Board Member & Founder

An established healthcare innovator, named one of the Most Influential Healthcare Leaders in 2021 and recognized by Marquis’ Who’s Who in 2024, Scott brings financial expertise from Morgan Stanley where he aided several startups on their capital structures and go-to-market strategies. He excels at strategic direction, team building, and securing capital.

Ted BardusonFounder
Chief Operating Officer, Board Member & Co-Founder

With over 35 years in healthcare, Ted is an expert in scaling operations, revenue cycle management, and mergers & acquisitions. His passion lies in accelerating access to life-changing treatments.

Ian Leaman
Board Member, Fractional CFO

CFO, Board Member level experience and M&A Deal Leader, delivering C-Suite financial skills and experience

Theodore Barduson
COO, Director
Craig Lipset
Board Member

Craig Lipset leads at the forefront of innovation in clinical research and medicine development. He is an advisor to technology and biopharmaceutical companies, leading universities, and the venture community and was the Head of Clinical Innovation and Venture Partner at Pfizer. He continues to be one of the leading industry voices of decentralized clinical trials and innovation.

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 5 of 6 annual reports (FY2020–FY2025)

555 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form D/AMay 6, 20260001820902-26-000006
    EDGAR
  • Form DOct 16, 20250001820902-25-000010
    EDGAR
  • Form C-ARJul 23, 20250001820902-25-000004
    EDGAR
  • Form C-ARJul 23, 20250001820902-25-000005
    EDGAR
  • Form C-TRJul 23, 20250001820902-25-000006
    EDGAR
  • Form C-ARMay 29, 20250001820902-25-000002
    EDGAR
  • Form C-USep 13, 20240001665160-24-001309
    EDGAR
  • Form CMay 21, 20240001665160-24-000884
    EDGAR
Source: ManualCIK 0001820902DEShare price $1.45

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.