Canopy (2023)

Canopy (2023)

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.

Expand

Investment Overview

Invested this round: $21,643

Deal Terms

Total Commitments

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

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.56

Pre-Money Valuation

$10,003,997

Company & Team

Company

Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Katonah, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Joseph Rosenberg
Title
President
Founder Name
Kim Rosenberg
Title
CEO

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

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$74,052

$0

COGS

$36,263

$0

Tax

$0

$0

 

 

Net Income

$-846,793

$-522,685

Summary Balance Sheet

FY 2021 FY 2020

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

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$325,469
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/29/2023 StartEngine $10,003,997 $21,643 Equity - Common Funded RegCF
06/30/2021 Republic $6,500,000 $330,013 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

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.

View Company Update

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Canopy on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,003,997
Price per Share: $5.56

Follow company

Follow Canopy on StartEngine 2022

Buy Canopy's Deal Report

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

Canopy Deal Report

Get Kingscrowd's comprehensive report on Canopy including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Canopy is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Canopy deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge