DrySee

Early Stage

Visibly Better Protection

Analytics

Raised to Date: Raised: $0

Aggregate Commitments $

Platform

StartEngine

Start Date

09/09/2022

Close Date

10/31/2022

Min. Goal

$9,999

Max. Goal

$999,998

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$0.96

Pre-Money Valuation

$9,936,995

Rolling Commitments $

Status
Not Funded
Reporting Date

11/01/2022

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Location

Houston, Texas

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

DrySee, with a valuation of $9.94 million, is raising funds on StartEngine. The company has made a waterproof bandage with liquid intrusion technology. The bandage is targeting the advanced dressings market and comes with liquid indicating perimeter band and center pad to alert the users when the water has penetrated the bandage. DrySee has reported a month-over-month increase in its Amazon sales and a 57% total revenue increase since February 2022. Brad Greer founded DrySee in July 2019. The current crowdfunding campaign has a minimum target of $9,999.36 and a maximum target of $999,998.40. The campaign proceeds will be used for growth, new product development, and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$80,654

$463

COGS

$95,831

$6,573

Tax

$0

$0

 

 

Net Income

$-642,849

$-851,468

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$746

$23,130

Accounts Receivable

$0

$0

Total Assets

$723,820

$629,038

Short-Term Debt

$41,921

$30,403

Long-Term Debt

$2,212,328

$1,544,968

Total Liabilities

$2,254,250

$1,575,371

Financials as of: 09/09/2022
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DrySee on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $9,936,995

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