Overview

Raised to Date: Raised: $0

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Republic

Start Date

04/20/2020

Close Date

12/20/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Valuation Cap

$4,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Not Funded

Reporting Date

12/22/2020

Days Remaining

Not Funded

% of Min. Goal

Not Funded

% of Max. Goal

Not Funded

Likelihood of Max

Not Funded

Avg. Daily Raise

$0

Momentum

Not Funded

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Buzzn

Year Founded

1969

Industry

Pet Health, Food, and Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Brooklyn, New York

Business Type

Life Style

Company Website

Buzzn, with a valuation cap of $4 million, is raising funds on Republic. The company creates CBD products to relieve stress and anxiety in pets and their owners. The products of Buzzn are made with high-quality ingredients and full transparency and are toxin-free and broad-spectrum. The company also works towards sustainability and donates a portion of its earnings to support the Korean K9 rescue. Buzzn was founded by Dr. Minchul An and Lisa Zhan-Monigan in May 2016. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used towards sales and marketing, community involvement, technology development, product development, and operations. Buzzn products are sold in 60 retail locations and have over 11,000 devoted followers.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$55,724	$0
COGS	$30,403	$0
Tax	$0	$0
Net Income	$-152,813	$26,409

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$3,456	$5,909
Accounts Receivable	$0	$0
Total Assets	$18,875	$11,497
Short-Term Debt	$28,818	$0
Long-Term Debt	$0	$0
Total Liabilities	$28,818	$0

Financials as of: 04/20/2020

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Founder Profile: Buzzn

CBD use is growing increasingly popular among millennials and young adults. As a treatment for insomnia to eczema, the plant-based product has exploded into the health and wellness market. It is even used to soothe anxiety in anxious dogs and cats. Initially founded to provide CBD products to pets, Buzzn has since expanded to cater to humans as well. 

We sat down with founder Minchul An to learn about dog rescue efforts, the medical-backing of their products, and where the company is going.

Read Founder Interview