Canine Biologics

Early Stage

Our 2021 expansion brings breakthrough nutrition to more dogs with cancer

Analytics

Raised to Date: Raised: $57,571

Aggregate Commitments $

Platform

Wefunder

Start Date

05/05/2021

Close Date

08/14/2021

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$6,500,000

Discount Rate

0%

Rolling Commitments $

Status
Funded
Reporting Date

08/31/2021

Days Remaining
Funded
% of Min. Goal

115%

% of Max. Goal

5%

Likelihood of Max
Funded
Avg. Daily Raise

$570

Momentum
Funded
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Location

Denver, Colorado

Industry

Pet Health, Food, and Services

Tech Sector

Biotech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

Canine Biologics, with a valuation cap of $6.5 million, is raising funds on Wefunder. 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. Jeff Sutherland founded Canine Biologics in 2019. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used for marketing, sales, payroll, working capital, and administrative costs. Canine Biologics has reported six consecutive months of positive revenue growth. It is a unique company with an expanded product roadmap, including a liquid diet for dogs and formulated treats.

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

Financials as of: 05/05/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Canine Biologics 12/09/2021 Netcapital $6,123,284 $5,001 Equity - Common Active RegCF
Canine Biologics 08/14/2021 Wefunder $6,500,000 $57,571 SAFE Funded RegCF
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