Berkshire Biomedical

Berkshire Biomedical

Open  for investment

About this raise

Berkshire Biomedical, with a valuation of $23.28 million, is raising funds on StartEngine. It is a medical technology company focused on developing personalized medication management systems. Berkshire Biomedical’s flagship product, COPA, is designed to provide biometric-controlled dispensing of liquid oral medications and help improve medication adherence and treatment outcomes. The business has received a $2 million NIH research grant and is currently in the pre-revenue phase. Thomas Rouse founded Berkshire Biomedical in July 2016. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $1.5 million. The campaign proceeds will be used for FDA application and working capital.

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Investment Overview

Committed this round: $330,236

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
02/25/2025
Close Date
04/30/2025
Min. Goal
$20,000
Max Goal
$1,500,000
Min. Investment

$400

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.00

Pre-Money Valuation

$23,277,472

Company & Team

Company

Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Dallas, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Thomas Rouse
Title
Chairman of the Board
Founder Name
Susan Owen
Title
Director

Financials

as of February 7, 2025
 Revenue
$1,714,007
 Monthly Burn
$85,000
 Runway
4.7 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,714,007

$266,048

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-3,142,386

$-4,872,643

Summary Balance Sheet

FY 2023 FY 2022

Cash

$89,500

$1,218,839

Accounts Receivable

$0

$0

Total Assets

$252,282

$1,230,874

Short-Term Debt

$176,868

$708,399

Long-Term Debt

$8,676,404

$5,049,629

Total Liabilities

$8,853,272

$5,758,028

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$11,968,292
Grants
$2,000,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 StartEngine $23,277,472 $330,236 Equity - Preferred Active RegCF
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Add to portfolio
Berkshire Biomedical on StartEngine 2025
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $23,277,472
Price per Share: $8.00

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