Fisher Wallace

[Closed for Investment] Fisher Wallace, with a valuation of $81.6 million, is raising funds on StartEngine. The company manufactures and sells wearable medical devices for mood and sleep disorders, including insomnia, anxiety, and depression. The product of Fisher Wallace Laboratories, Fisher Wallace Stimulator, stimulates the brain to produce serotonin and modulates brainwave activity. The company has generated $30 million in lifetime revenue and has 14,000 prescribers and 100,000 customers. Kelly Roman and Charles Fisher founded Fisher Wallace in August 2019. The current crowdfunding campaign has a minimum target of $9,999.35 and a maximum target of $1,844,761.14. The campaign proceeds will be used to release Version 2 and expand.

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Investment Overview

Raised this Round: Raised: $1,281,201

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
09/30/2022
Close Date
02/20/2023
Min. Goal
$9,999
Max. Goal
$1,844,761
Min. Investment

$493

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.81

Pre-Money Valuation

$81,567,588

Company & Team

Company

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

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Kelly Roman
Title
CEO
Founder Name
Charles Fisher
Title
Chairman, Director, & President

Financials

 Revenue -0% YoY
$4,230,290
 Monthly Burn
$271,858
 Runway
7.1 months
Gross Margin
85%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$4,230,290

$4,250,866

COGS

$623,703

$970,761

Tax

$250

$1,597

 

 

Net Income

$-3,262,291

$-1,823,732

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,929,380

$695,749

Accounts Receivable

$0

$2,302

Total Assets

$1,999,403

$853,359

Short-Term Debt

$471,468

$725,122

Long-Term Debt

$576,525

$620,416

Total Liabilities

$1,047,993

$1,345,538

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$10,000,000
VC Backed?
Yes
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
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 StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $81,567,588
Price per Share: $8.81

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Follow Fisher Wallace on StartEngine 2022

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