Overview

Raised to Date: Raised: $21,643

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/29/2022

Close Date

03/29/2023

Min. Goal

$9,997

Max. Goal

$617,994

Min. Investment

$245

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    

Price Per Share

$5.56

Pre-Money Valuation

$10,003,997

Rolling Commitments ($USD)

Status

Funded

Reporting Date

04/01/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$243

# of Investors

28

Momentum

Funded

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Canopy

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

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

	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

Financials as of: 12/29/2022

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Canopy	03/28/2023	StartEngine	$10,003,997	$21,643	Equity - Common	Funded	RegCF
Canopy	06/29/2021	Republic	$6,500,000	$330,013	Equity - Common	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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.

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