Alleviate
[Closed for Investment] Alleviate, with a valuation of $14.99 million, is raising funds on StartEngine. The company aims to democratize top-level physical therapy for common and debilitating conditions. Alleviate empowers individuals to manage their chronic conditions independently and grants users control over their healing journey. The products of Alleviate, including plantar fasciitis braces and tennis elbow braces, mimic research-backed manual physical therapy techniques and let users self-apply them. Luke Ferdinands founded Alleviate in July 2020. The current crowdfunding campaign has a minimum target of $14,999.74 and a maximum target of $1.23 million. The campaign proceeds will be used for inventory, research and development, and company employment.
Investment Overview
Raised: $12,836
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 07/15/2024
- Close Date
- 09/26/2024
$15,000
$1,234,999
$299
Equity - Preferred
Seed
RegCF
$1.33
$14,985,069
Company & Team
Company
- Year Founded
- 2020
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +213% YoY
- $494,423
- Monthly Burn
- $90,000
-
Runway
- 3.2 months
- Gross Margin
- 19%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $4,279,874
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/26/2024 | StartEngine | $14,985,069 | $12,836 | Equity - Preferred | Not Funded | RegCF |