Canopy
The next generation, reusable N95 - for the world’s well-being.
Overview
Raised: $13,569
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/30/2022
Close Date
03/29/2023
Min. Goal
$9,997
Max. Goal
$617,994
Min. Investment
$245
Security Type
Equity - Common
Series
Seed
Funding Type
RegCF
Price Per Share
$5.56
Pre-Money Valuation
$10,003,997
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
55
% of Min. Goal
136%
% of Max. Goal
2%
Likelihood of Max
Avg. Daily Raise
$399
# of Investors
19
Momentum
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Location
Katonah, New York
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$74,052 |
$0 |
|
COGS |
$36,263 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-846,793 |
$-522,685 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$211,630 |
$126,035 |
|
Accounts Receivable |
$4,662 |
$0 |
|
Total Assets |
$630,267 |
$289,694 |
|
Short-Term Debt |
$50,891 |
$190,813 |
|
Long-Term Debt |
$1,101,875 |
$296,566 |
|
Total Liabilities |
$1,152,766 |
$487,379 |
Financials as of: 12/30/2022
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Ratings 
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Analyst Report
Pending Review