About this raise

Fisher Wallace, with a valuation of $104.1 million, is raising funds on Dealmaker Securities. The company manufactures and sells wearable medical devices for mood and sleep disorders, including insomnia, anxiety, and depression. Fisher Wallace’s most recent product, OAK, works as a super device for depression and positions its patent-pending technology as the most rapid treatment for depression. The company has generated $40 million in lifetime revenue through selling 100,000 units and has 14,000 prescribers. Kelly Roman and Charles Fisher founded Fisher Wallace in August 2019. The current crowdfunding campaign has a minimum target of $10,010.11 and a maximum target of $1 million. The campaign proceeds will be used for clinical research, regulatory affairs, manufacturing, product development, and operations.

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Investment Overview

Invested this round: $413,448

Deal Terms

Total Commitments

Platform
DealMaker Securities
Start Date
03/28/2024
Close Date
04/18/2024
Min. Goal
$10,010
Max Goal
$1,001,011
Min. Investment

$289

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$11.11

Pre-Money Valuation

$104,100,000

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
Kelly Roman
Title
CEO
Founder Name
Charles Fisher
Title
Chairman, Director, & President

Financials

as of Fiscal Year 2023
 Revenue +12% YoY
$4,739,387
 Monthly Burn
$589,479
 Runway
0.2 months
Gross Margin
77%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$4,739,387

$4,230,290

COGS

$1,096,113

$623,703

Tax

$0

$250

 

 

Net Income

$-7,073,744

$3,262,291

Summary Balance Sheet

FY 2023 FY 2022

Cash

$128,229

$1,929,380

Accounts Receivable

$0

$0

Total Assets

$439,495

$1,999,403

Short-Term Debt

$427,470

$471,468

Long-Term Debt

$1,083,664

$576,525

Total Liabilities

$1,511,134

$1,047,993

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$13,084,146
VC Backed?
Yes
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Fisher Wallace Labs 03/12/2025 DealMaker Securities $108,800,000 $188,189 Convertible Note Funded RegCF
Fisher Wallace Labs 01/02/2025 DealMaker Securities $108,250,000 $217,434 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 on Dealmaker Securities 2024
Platform: DealMaker Securities
Security Type: Equity - Common
Valuation: $104,100,000
Price per Share: $11.11

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