About this raise: Fisher Wallace Labs, with a valuation of $108.25 million, is raising funds on DealMaker Securities. The company is building and commercializing wearable brain stimulation technology for rapid treatment of anxiety, depression, insomnia, and other neuropsychiatric and cognitive disorders. Under temporary FDA clearance, Fisher Wallace commercialized its proof-of-concept Version 1.0 device and is on track to receive regulatory approval for the Version 2.0 technology. The business has sold over 100,000 units, has 14,000 prescribers, and has generated $40 million in revenue. Charles Fisher founded Fisher Wallace Labs in August 2019. The current crowdfunding campaign has a minimum target of $10,010.10 and a maximum target of $400,021.10. The campaign proceeds will be used for clinical research, regulatory consulting & legal fees, manufacturing, product development, and operations.

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Investment Overview

Invested this round: $213,067

Deal Terms

Total Commitments ($USD)

Platform
DealMaker Securities
Start Date
12/16/2024
Close Date
01/02/2025
Min. Goal
$10,010
Max. Goal
$400,021
Min. Investment

$98

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.94

Pre-Money Valuation

$108,250,000

Company & Team

Company

Year Founded
2019
Industry
Fitness & Wellness
Tech Sector
Medtech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Brooklyn, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Charles Fisher
Title
Chairman, Director, & President
Founder Name
Kelly Roman
Title
CEO

Financials

as of September 10, 2024
 Revenue -57.4% YoY
$2,019,527
 Monthly Burn
$137,032
 Runway
0.9 months
Gross Margin
83%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$2,019,527

$4,739,387

COGS

$350,736

$1,096,113

Tax

$0

$0

 

 

Net Income

$-1,644,382

$-7,073,744

Summary Balance Sheet

FY 2023 FY 2022

Cash

$311,160

$128,229

Accounts Receivable

$0

$0

Total Assets

$361,017

$439,495

Short-Term Debt

$569,243

$427,470

Long-Term Debt

$866,830

$1,083,664

Total Liabilities

$1,436,073

$1,511,134

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$25,500,000
VC Backed?
Yes
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Fisher Wallace Labs 01/02/2025 DealMaker Securities $108,250,000 $213,067 Equity - Common Funded RegCF
Fisher Wallace Labs 10/17/2024 DealMaker Securities $106,700,000 $276,274 Equity - Common Funded RegCF
Fisher Wallace 07/02/2024 DealMaker Securities $106,000,000 $237,234 Equity - Common Funded RegCF
Fisher Wallace 04/18/2024 DealMaker Securities $104,100,000 $413,448 Equity - Common Funded RegCF
Fisher Wallace 03/12/2024 DealMaker Securities $102,658,809 $469,069 Equity - Common Funded RegCF
Fisher Wallace 01/24/2024 DealMaker Securities $102,170,000 $532,202 Equity - Common Funded RegCF
Fisher Wallace Laboratories 10/04/2023 StartEngine $100,280,000 $493,354 Equity - Common Funded RegA+
Fisher Wallace 02/20/2023 StartEngine $81,567,588 $1,281,201 Equity - Common Funded RegCF
Fisher Wallace Laboratories 09/01/2022 StartEngine $81,236,323 $357,719 Equity - Common Funded RegCF
Fisher Wallace Laboratories 05/27/2022 StartEngine $80,048,889 $1,279,724 Equity - Common Funded RegCF
Fisher Wallace Laboratories 10/26/2021 StartEngine $40,000,000 $5,010,683 Equity - Common Funded RegA+
Fisher Wallace Laboratories 03/09/2020 StartEngine $15,000,000 $1,056,480 Equity - Common Funded RegCF
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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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Fisher Wallace Labs on DealMaker Securities 2024
Platform: DealMaker Securities
Security Type: Equity - Common
Valuation: $108,250,000
Price per Share: $10.94

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