About this raise
Canopy, with a valuation of $10 million, is raising funds on StartEngine. It is an occupational safety company focused on the safety of frontline workers and individual professionals. The company has developed an award-winning transparent barrier face covering with comfort, safety, and performance in mind. Canopy’s product is a sustainable alternative to disposable N95s and is form-fitting and patient-friendly. Joe Rosenberg and Kim Rosenberg founded Canopy in April 2020. The current crowdfunding campaign has a minimum target of $9,996.88 and a maximum target of $617,994. The campaign proceeds will be used to become certified to serve the B2B market of hospitals and healthcare providers.
Investment Overview
Invested $21,643 :
Deal Terms
Company & Team
Company
- Year Founded
- 2020
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$74,052
as of FY2021
- Monthly Burn
-
$70,566
as of FY2021
-
Runway
-
3 months
as of FY2021
- Gross Margin
-
51%
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $325,469
- VC Backed?
- No
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
Company Updates
KingsCrowd rated Canopy a Neutral Deal during its last raise, which closed in June 2021. At the time, Canopy raised $330,013 at a $6.5 million valuation. Two years later, the company is raising again. The market is different now. Most Americans are not wearing masks anymore. But COVID is still infecting people, and healthcare professionals are still protecting themselves against it. Despite a change in the consumer market, Canopy is showing fair progress.