Canine Biologics (2022)

Canine Biologics (2022)

About this raise

Canine Biologics, with a valuation of $6.1 million, is raising funds on NetCapital. The company makes nutrition products to support dogs battling cancer. It uses the highest-quality ingredients, top-tier expertise, and inspired thinking to make pet nutrition products with specialized supplements, vitamins, and minerals. Canine Biologics is a unique company with an expanded product roadmap, including a liquid diet for dogs and formulated treats. Jeff Sutherland founded Canine Biologics in 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $477,540. The campaign proceeds will be used for new product development, inventory purchases, selling and marketing costs, administrative costs, and compensation for managers.

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Investment Overview

Invested this round: $39,141

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
09/09/2021
Close Date
03/08/2022
Min. Goal
$10,000
Max Goal
$477,540
Min. Investment

$100

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.81

Pre-Money Valuation

$6,123,284

Company & Team

Company

Year Founded
2021
Industry
Pet Health, Food, and Services
Tech Sector
Biotech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Denver, Colorado
Business Type
Life Style
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Jeff Sutherland
Title
CEO

Financials

 Revenue
$5,823
 Monthly Burn
$29,460
 Runway
3.4 months
 Gross Margin
3%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$5,823

$0

COGS

$5,650

$0

Tax

$0

$0

 

 

Net Income

$-353,517

$-10,497

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$98,886

$119,551

Accounts Receivable

$25,894

$0

Total Assets

$403,282

$146,911

Short-Term Debt

$33,296

$8,409

Long-Term Debt

$0

$0

Total Liabilities

$33,296

$8,409

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/08/2022 Netcapital $6,123,284 $39,141 Equity - Common Funded RegCF
08/14/2021 Wefunder $6,500,000 $57,571 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Canine Biologics on NetCapital 2021
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,123,284
Price per Share: $0.81

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

Canine Biologics Deal Report

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