Funding profile · Digital health

CrowdMed

Venture backed in 2013 and 2014, then funded by 608 retail investors in a Regulation Crowdfunding note in 2017. No Form D was ever filed. The crowdfunding record is the only window into the company’s own books, and it closes in 2019.

$2.4MSeed capital reported in press coverage, 2013 to 2014
$403,471Final Regulation Crowdfunding raise, closed Apr 17, 2017
608Investors in the crowd round, about $663 each
$4.67MLong term debt on the last annual report, FY2019

Data as of September 22, 2026. Company-reported figures are labeled.

Rounds at a glance

When Round Amount Investors Source
Winter 2013 Y Combinator Not disclosed Y Combinator YC data
Apr 2013 Seed $1.1M NEA, Andreessen Horowitz, Greylock Partners, SV Angel, Y Combinator Independent
May 2014 Seed, continued $2.4M cumulative Adds Khosla Ventures and Patrick Dempsey Independent
Undated Named angels Not disclosed Anne Wojcicki and Sam Altman per a reference biography; Laurene Powell Jobs per Peninsula Press Independent
Oct 2016 to Apr 2017 Reg CF convertible note $200,000 target, $1,000,000 cap, $403,471 final 608 investors through Wefunder Portal LLC Form C
2017 Valuation on that round $18M Reported by Kingscrowd; not on the face of the Form C Independent

What the filings show

CrowdMed, Inc. · Form C · filed Oct 20, 2016

Issuer
Delaware corporation, incorporated Oct 31, 2012; 767 Bryant Street #205, San Francisco
Security
Convertible note, increments of $1.00
Target
$200,000
Maximum
$1,000,000
Deadline
Apr 17, 2017
Intermediary
Wefunder Portal LLC, CRD 283503, at “4.0% of the offering amount upon a successful fundraise”
Employees
6
Revenue
$282,981 (FY2015) · $124,862 (FY2014)
Net loss
$802,014 (FY2015) · $977,491 (FY2014)
Filing
SEC EDGAR, CIK 0001687611

CrowdMed, Inc. · Form C-U · filed May 8 and Dec 21, 2017

May update
“$427,232.00 in investments. Payments are still being processed; final number is yet to be determined.”
Dec update
“The final number is $403,471.00 in investments.”
Address
548 Market Street #15731, San Francisco
Employees
4
Filing
SEC EDGAR, CIK 0001687611

CrowdMed, Inc. · Form C-AR · filed Jun 8, 2020, for FY2019

Employees
1
Revenue
$127,787.00 · prior year $133,262.00
Net loss
$286,139.65 · prior year $721,640.19
Cash
$79,073.00 · prior year $376,701.92
Total assets
$92,751.34 · prior year $377,801.00
Long term debt
$4,671,564.00 · prior year $4,671,564.00
Signatories
Danyell Jones, CEO; Lee Jared Heyman, Chairman
Address
11201 N. Tatum Blvd Suite 300 PMB 15731, Phoenix, AZ
Filing
SEC EDGAR, CIK 0001687611

Reading the filings

  1. No Form D was ever filed.An EDGAR full text search on September 22, 2026 returned six CrowdMed filings, all in the Form C family; restricted to Form D it returned nothing. Issuers raising under Section 4(a)(2) file no Form D, so the gap does not mean the venture money is fictional. It does mean the $1.1M and $2.4M figures rest on press reporting alone.
  2. Public tallies disagree.Reporting in 2014 put the seed round at $2.4 million cumulative. A reference biography of the founder states $4.2 million in venture capital. Nothing on file settles it.
  3. The crowd round doubled its target and missed its cap.Target $200,000, cap $1,000,000, final $403,471 from 608 investors. That averages about $663 each, retail sized rather than angel sized, and stops at 40% of what the company would have taken.
  4. The count fell between tallies.The May 8, 2017 update reported $427,232 with payments still processing. The December 21, 2017 update settled at $403,471, about 5.6% lower.
  5. The FY2017 report repeats the 2015 numbers.The Form C-AR filed April 27, 2018 carries the same balance sheet and income figures as the October 2016 Form C, line for line. The document does not say why.
  6. Debt stood still while cash ran down.Long term debt is $4,671,564 in both years of the FY2019 report, unchanged, while cash fell from $376,701.92 to $79,073 and headcount went from 2 to 1. Nothing shows the 2017 notes converting, and revenue at $127,787 was about 45% of the 2015 peak.

Commercial signals

Signal Detail Source type
Pricing $50 posting fee and $99 monthly package in 2015; $150 to $350 per case that November; $149 to $749 per month in 2016 and still in 2020; patient funded rewards of $200 to $1,000. Independent
Payer pilots Four pilots with major insurers reported in Mar 2017. The Wefunder page claims three paid pilots with US health plans. Company-stated
Scale More than 2,000 patients reported helped by 2017. Wefunder claims over 20,000 registered detectives and over 1,500 resolved cases. Company-stated
Regulatory footprint No FDA clearance, registered trial or federal award found. Not found
Litigation A December 2019 search of San Francisco civil dockets returned no suits against CrowdMed. Independent
Last filing Form C-AR for FY2019, filed Jun 8, 2020. Nothing later on EDGAR as of Sep 22, 2026. Public record
Reported exit A TEDMED speaker biography states CrowdMed was acquired in 2024. No SEC filing or independent report confirming a sale was found. Unconfirmed

What to watch

  • Any annual report after FY2019, or a Form C-TR ending the reporting obligation. Neither has been filed.
  • Documentation of the 2024 acquisition stated in the founder’s speaker biography.
  • Whether the 2017 convertible notes were converted, repaid or written off. 608 holders are waiting on that.
  • Whether crowdmed.com resumes taking paid cases.

The CrowdMed story on Healthcare DiscoveryHealthcare Discovery

Related companies

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  • Alfie: Shared investor: Andreessen Horowitz. A New York telehealth clinic that used an AI model called ObesityRx to match patients with weight loss medications and behavior changes
  • Experiment: Shared investor: Andreessen Horowitz. A crowdfunding site where a graduate student can raise three thousand dollars in a month instead of waiting a year for a grant
  • Science Exchange: Shared investor: Andreessen Horowitz. A marketplace for ordering experiments that became procurement software for big pharma, and that sourced the laboratories for the largest public test of whether

Sources

  1. Public recordForm C, CrowdMed, Inc.SEC · Oct 20, 2016
  2. Public recordForm C/A, CrowdMed, Inc.SEC · Nov 16, 2016
  3. Public recordForm C-U progress updatesSEC · May 8 and Dec 21, 2017
  4. Public recordForm C-AR annual reportsSEC · Apr 27, 2018 and Jun 8, 2020
  5. Public recordEDGAR full text search for CrowdMedSEC · Sep 22, 2026
  6. IndependentYC-Backed CrowdMed Launches To Crowdsource Medical DiagnosesTechCrunch, Ryan Lawler · Apr 16, 2013
  7. IndependentPatrick Dempsey contributes to CrowdMed’s $2.4M seed roundMobiHealthNews, Aditi Pai · May 21, 2014
  8. IndependentCrowdMed on Wefunder 2017, deal terms and financialsKingscrowd, Sweeny Kumar
  9. IndependentIn the Wild West of online medicine, crowdsourcing is the next frontierPeninsula Press, Jasmine Kerber · Jan 6, 2020
  10. IndependentHow internet detectives are helping diagnose rare disordersNBC News, Christina Couch · Mar 6, 2017
  11. CompanyCrowdMed Wefunder profile, total raised and investor countWefunder · accessed Sep 22, 2026
  12. CompanyJared Heyman speaker biographyTEDMED · accessed Sep 22, 2026

Compiled from SEC and other public records and published reports as of September 22, 2026. CrowdMed filed under Regulation Crowdfunding rather than Regulation D; Form C amounts reflect the filing or update date and the financial statements are those the issuer placed on file. Healthcare Venture Capital Fund holds no position in CrowdMed. This page is not an offer to sell or a recommendation to buy any security.