Healthcare Shares is launching a crowdfunding portal to help healthcare entrepreneurs with a social impact raise capital from physicians and healthcare professionals
NEW YORK, August 31, 2022 /PRNewswire/ — Healthcare Shares has launched a crowdfunding portal to help healthcare social impact entrepreneurs raise capital from physicians and healthcare professionals interested in investing in healthcare social impact companies. Currently, startups can make 506(c) healthcare stock bids from accredited investors on the portal.
Healthcare Shares is also in the process of being approved by Regulation CF. This is the same exception that WeFunder or Start Engine use to participate in crowdfunding from non-accredited investors.
If healthcare stocks receive SEC/FINRA approval for Reg-CF offerings, issuers of healthcare stocks will have the option to make offerings under either the Reg CF or Rule 506(c) exceptions or both simultaneously.
Healthcare Shares was founded by a serial healthcare entrepreneur Laurence Girardwho previously raised more than 35 million dollars in equity funding for Fruit Street Health from more than 500 physicians and angel investors. Fruit Street is a CDC-recognized diabetes prevention program delivered via telemedicine and live group video conferencing with registered dietitians.
“At Fruit Street we have more than collected 35 million dollars by more than 500 physicians and angel investors who believed in our social mission to prevent type 2 diabetes through the power of telemedicine. These investors also participated in our advisory board through a discussion forum called Basecamp and regular Zoom meetings. We’ve crowdfunded Fruit Street, gathered crowdsourced knowledge from clinicians and industry veterans, and built a network of evangelists who believe in our company’s mission to prevent type 2 diabetes. During my tenure at Fruit Street, I have received hundreds of requests from healthcare social impact entrepreneurs who wish to raise capital from physicians and industry leaders, rather than having a venture capital or private equity firm as an investor. These entrepreneurs believe that clinicians are more focused on having a social impact in healthcare than the majority of venture capital firms. There is also great value in receiving feedback on a healthcare product from physicians and clinicians who serve patients on the front lines of healthcare. Also, having a healthcare plan or a hospital CEO as an investor could be a valuable introduction,” Girard said.
Healthcare Shares is looking for investors interested in investing in Healthcare Shares itself or the healthcare social impact startups on its platform. It hopes to build a network of investors who, in addition to contributing capital, can also become advisors to startups, helping them get funding.
Healthcare Shares is also looking for healthcare startups interested in becoming issuers and raising capital through Healthcare Shares.
“Healthcare Shares levels the playing field for healthcare innovators. Imagine a doctor has an idea for a new medical device. Even if the device is urgently needed and has great financial potential, the likelihood that that doctor will a 1 million dollars A venture capitalist’s seed round can be quite small, especially without specific connections. Instead, the doctor can go to healthcare stocks and increase them $1,000 by 1,000 doctors, nurses and other healthcare professionals who believe in their idea. Now the doctor has raised 1 million dollars for their idea and has a network of clinicians/healthcare leaders ready to help them develop their idea,” said Girard.
About healthcare stocks
Healthcare Shares is a new crowdfunding portal aimed at helping healthcare entrepreneurs with a social impact raise capital from clinicians and healthcare leaders interested in supporting their social mission. To register as an investor or startup on our platform, please visit www.healthcareshares.com or E-Mail [email protected].
SOURCE Healthcare Stocks, PBC
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