Brite Trace
Early Stage
Improving quality of life for individuals with dementia.
Overview
Raised: $60,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/21/2022
Close Date
11/18/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$2,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$682
# of Investors
3
Momentum
Funded
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Year Founded
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Brite Trace, with a valuation of $2.5 million, is raising funds on Wefunder. The company is working to improve the quality of life of people with dementia. Brite Trace is an unprecedented tool that uses a personalized profile to provide actionable insights to help caregivers connect with and help their loved ones with dementia. The company is led by an experienced team and is projected to be cash flow positive by 2025. Danten Rice and Nolan Carrico founded Brite Trace in January 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for MVP development, brand building, sales and marketing, and administration.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$5,516 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,516 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$5,516 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/21/2022
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