Canine Biologics (2021)

About this raise

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.

Investment Overview

Invested this round: $57,571

Deal Terms
Company & Team

Total 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

Company Stage

Early Stage

SEC Filing Type

RegCF

Early Bird Val. Cap

$5,700,000

Valuation Cap

$6,500,000

Discount

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%

View Detailed Financials

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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Ratings

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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Revenue
Valuation
Price per Share
Employees

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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View on Wefunder

SAFE, $6.5M • Closed

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Deal Considerations

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Key Challenges
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Other Risks
- No other risks found

Canine Biologics (2021)

Canine Biologics (2021)

About this raise