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Novuson Surgical Inc. logo

Novuson Surgical Inc.

Operating

Healthcare · Bothell, WA · Founded 2014

Electrosurgical devices that are safer and more effective than current devices

Post-money valuation ⓘ
$24.9M
As of Jun 2022 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$5,076,554
Crowd $56K · Private $5.0M · 4 rounds since 2014
Latest share price
$0.64
Reg CF · Common Stock · Mar 2022 offering price

Financials

FY2019–FY2021 · from SEC filings · hover any figure for its source
$0
−$820K
2019
$0
−$733K
2020
$9K
−$1.1M
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed*
FY2020 reviewed
FY2021 reviewed
Income statement
Revenue
$0
$0
$9,432
Cost of goods sold
$0
$0
$0
Gross margin
—
—
100%
Net income
-$819,500
-$733,033
-$1,130,587
Taxes paid
$0
$1,801
$0
Balance sheet
Cash
$424,137
$347,061
$12,539
Accounts receivable
$0
$0
$0
Total assets
$542,622
$428,635
$61,579
Short-term debt
$36,911
$31,524
$280,063
Long-term debt
$0
$57,936
$572,438
Total liabilities
$36,911
$89,460
$852,501
Other
Headcount
—
7
7

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
$24.8M
pre-money
Reg CF · Common · Mar 2022

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

log scale
$0.64$0.008$0.0001
Feb 2014Mar 2022
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.

Fundraising history

Raised $56.1K / $1.1MInvestors 124Post-money $24.9M
Raised $2.4MInvestors 29
Raised $2.6MInvestors 1

Team

7 people
Stuart B MitchellFounder
President

Experienced executive with a demonstrated history of working in the research industry and academia. Skilled in Bioreactor Development, Medical Devices, Biomedical Devices, Biomechanics, and Tissue Engineering. Strong entrepreneurship professional with a Doctor of Philosophy (Ph.D.) focused in Bioengineering from University of Washington.

Stuart Mitchell
CEO, Chairman, President, CTO
Derek Khorsand
Chief Medical Officer

Derek grew up in a small town in southwest Washington and is a graduate of the University of Washington School of Medicine, where he was the top graduate in his class. After a year of training in general surgery, Derek trained in Interventional Radiology at the University of Washington, where he was Chief Resident. He has a strong background in basic and clinical research and experience in medical device commercialization.

Jean Maixner
EVP Finance

Founder and Hospital Administrator Animal Critical Care and Emergency Services, 2 locations, 100+ employees, Exit via Acquisition

Marco Daoura
EVP of Product and Programs

Mr. Daoura graduated from the University of Washington with both a Bachelor of Science in Electrical Engineering and a Master of Science in BioEngineering with focus on Control Theory and Molecular Biotechnology. He has over 20 years in the healthcare industry from Philips Healthcare to Fujifilm Medical Systems, UltraLinq Healthcare. His work in innovation crosses many multidisciplinary areas from technology development, to technology architecture, program management, product services, product management and marketing, and market commercialization.

Carla Corkern
Director

Intellectually curious and passionate about people, process, and profit! I love to manage processes, create cross-functional teams, create high energy & high performing teams. I've succeeded in start-up environments, turn around scenarios and M&A integrations for both public and private companies by building plans, teams, campaigns, processes, from beginning to on-going concern. Pre-revenue to ~$50 Million in ARR. Experience in many technology markets: Healthcare, Automation, SAAS Platforms for Supply Chain and Healthcare, Enterprise infrastructure & applications, EAI, corporate portals, knowledge management, content management, search technology, XML infrastructure technology, security/user management, wireless/mobile apps, networking, groupware, personal productivity applications

Sam Liao
Director

Previously with Lakeside, Metropolitan Investments and Merrill Lynch Capital Investments. Mr. Liao brings financial and investment oversight to Novuson’s Board

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 requiredFewer than 300 holders of record

Filed 1 of 5 annual reports (FY2021–FY2025)

124 investors
holder-count proxy

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

SEC filings

  • Form C-UJul 1, 20220001665160-22-001964
    EDGAR
  • Form C-ARApr 29, 20220001665160-22-001215
    EDGAR
  • Form C/AApr 28, 20220001665160-22-001099
    EDGAR
  • Form C/AApr 13, 20220001665160-22-000647
    EDGAR
  • Form CMar 25, 20220001665160-22-000534
    EDGAR
  • Form DMar 31, 20200001591408-20-000006
    EDGAR
  • Form DOct 19, 20150001655934-15-000001
    EDGAR
Source: ManualCIK 0001655934WAShare price $0.64

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.