About this raise

Cytonics, with a valuation of $65.8 million, is raising funds on StartEngine. The company is a leader in regenerative medicine and has developed innovative therapies for musculoskeletal diseases like osteoarthritis. Cytonics has created an Autologous Platelet Integrated Concentration system concentrating A2M from patients’ blood to treat their own damaged joints. The company has a strong IP portfolio with 22 issued US and international patents. Gaetano Scuderi founded Cytonics Corporation in July 2006. The current crowdfunding campaign has a minimum target of $9,998.10 and a maximum target of $3.3 million. The campaign proceeds will be used for research and development, company employment, and working capital.

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Investment Overview

Invested this round: $3,626,034

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
12/13/2023
Close Date
05/28/2024
Min. Goal
$9,998
Max Goal
$4,837,293
Min. Investment

$499

Security Type

Equity - Preferred

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.30

Pre-Money Valuation

$65,792,080

Company & Team

Company

Year Founded
2006
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Jupiter, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Gaetano Scuderi
Title
Chairman of the Board

Financials

 Revenue +32% YoY
$405,000
as of FY2023
 Monthly Burn
$300,000
as of FY2023
 Runway
4 months
as of

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$417,500

$405,000

COGS

$2,370,360

$3,175,764

Tax

$0

$0

 

 

Net Income

$-2,844,674

$-1,927,629

Summary Balance Sheet

FY 2023 FY 2022

Cash

$602,933

$1,166,390

Accounts Receivable

$120,000

$100,000

Total Assets

$1,030,187

$1,437,976

Short-Term Debt

$295,503

$304,246

Long-Term Debt

$176,319

$0

Total Liabilities

$471,822

$304,246

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$9,961,674
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/14/2026 StartEngine $104,080,000 $2,770,116 Equity - Common Active RegA+
08/25/2024 StartEngine $66,557,294 $938,436 Equity - Preferred Funded RegCF
05/28/2024 StartEngine $65,792,080 $3,626,034 Equity - Preferred Funded RegCF
03/31/2023 DealMaker Securities $58,915,995 $1,695,868 Equity - Preferred Funded RegCF
10/14/2022 SeedInvest $58,915,996 $2,633,766 Equity - Preferred Funded RegCF / RegD 506(c)
04/30/2021 SeedInvest $46,701,000 $4,667,638 Equity - Preferred Funded RegA+
05/18/2019 SeedInvest $32,400,000 $494,344 Convertible Note Funded RegCF / RegD 506(c)
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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

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Cytonics on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $65,792,080
Price per Share: $2.30

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