EO2 Concepts

EO2 Concepts

Closed: Aug. 2023

About this raise: EO2 Concepts, with a valuation of $78.44 million, is raising funds on StartEngine. The company has developed advanced oxygen-enhanced technology for wound healing and skin support. The company’s flagship product, OxyGeni, is a wearable device that uses patented technology to close wounds, support soft tissue and skin restoration, shorten recovery time, reduce pain, and minimize scar formation. The technology of EO2 Concepts has been substantiated by multiple studies and has received positive social media responses. Mark Q. Niederauer founded EO2 Concepts in May 2007. The current crowdfunding campaign has a minimum target of $14,998.47 and a maximum target of $1.23 million. The campaign proceeds will be used to expand into new markets, including aesthetic and reconstructive surgery.

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Investment Overview

Invested this round: $836,446

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
11/14/2022
Close Date
08/29/2023
Min. Goal
$14,998
Max. Goal
$1,234,998
Min. Investment

$297

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.59

Pre-Money Valuation

$78,442,740

Company & Team

Company

Year Founded
2007
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
San Antonio, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Mark Niederauer
Title
CEO & President

Financials

as of Fiscal Year 2022
 Revenue +47% YoY
$2,130,220
 Monthly Burn
$228,197
 Runway
2.7 months
Gross Margin
70%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$2,983,348

$1,544,623

COGS

$884,839

$640,373

Tax

$0

$0

 

 

Net Income

$-2,738,366

$-2,517,980

Summary Balance Sheet

FY 2022 FY 2021

Cash

$606,116

$72,823

Accounts Receivable

$1,006,778

$1,024,322

Total Assets

$3,568,756

$1,719,463

Short-Term Debt

$2,090,703

$1,386,548

Long-Term Debt

$7,799,257

$4,446,595

Total Liabilities

$9,889,960

$5,833,143

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$7,300,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/29/2023 StartEngine $78,442,740 $836,446 Equity - Preferred Funded RegCF
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EO2 Concepts on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $78,442,740
Price per Share: $1.59

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