Autonomix

Autonomix

Closed: Jan. 2024

About this raise

Autonomix, with a valuation of $70 million, is raising funds independently through Reg A+ crowdfunding. The company is developing a two-fold technology to detect malfunctioning neural signals and ablate nerves. Autonomix is opening up a world of possibilities in electrophysiology and working towards creating a simple procedure for pain management. The company is currently targeting pancreatic cancer pain and aims to target chronic pain, cardiovascular pain, and pulmonary diseases in the future. Dr. Robert Schwartz, Landy Roth, David Robins, and Dr. Robert Van Tassel founded Autonomix in 2014. The current crowdfunding campaign has a maximum target of $21.2 million. The campaign proceeds will be used for marketing, publishing, underwriting expenses, legal & accounting fees, and transfer agent.

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Investment Overview

Invested this round: $6,200,610

Deal Terms

Total Commitments

Platform
DealMaker Securities
Start Date
10/19/2023
Close Date
01/29/2024
Min. Goal
$750
Max Goal
$21,203,750
Min. Investment

$750

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$70,000,000

Company & Team

Company

Year Founded
2014
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
The Woodlands, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
Yes
Founder Name
Robert Schwartz
Title
CMO
Founder Name
Landy Toth
Title
Executive Chairman

Financials

 Revenue
$0
 Monthly Burn
$165,873
 Runway
5.2 months

Balance Sheet

Cash and Cash Equivalents

$864,618

Investment Securities

$0

Accounts and Notes Receivable

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$864,618

Accounts Payable & Accrued Liabilities

$220,590

Long Term Debt

$0

Total Liabilities

$220,590

Total Stockholders' Equity

$6,440,281

Total Liabilities and Equity

$864,618

Statement of Comprehensive Income Information

Total Revenues

$0

Costs & Expenses Applicable to Rev

$0

Depreciation and Amortization

$0

Net Income

$-1,990,477

Earnings Per Share - Basic

$-0.17

Earnings Per Share - Diluted

$-0.17

Auditor: FORVIS, LLP
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$8,900,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/29/2024 DealMaker Securities $70,000,000 $6,200,610 Equity - Common Funded RegA+
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Autonomix on Self Managed 2023
Platform: DealMaker Securities
Security Type: Equity - Common
Valuation: $70,000,000
Price per Share: $5.00

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Warning: according to the close date for this deal, Autonomix may no longer be accepting investments.

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