Freedom Laser
About this raise
Freedom Laser, with a valuation of $6.4 million, is raising funds on NetCapital. The company has developed a nicotine-free method to quit smoking. Freedom Laser’s quit-smoking laser device is for home use and is intended to reduce nicotine withdrawal symptoms. The company has 21 years of clinical experience using low-level laser therapy to treat smokers, has performed animal studies and clinical studies, and is applying for FDA approval. Craig Nabat founded Freedom Laser in December 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.2 million. The campaign proceeds will be used for FDA pre-submission 2, regulatory consultation, clinical research organization, device tooling, device inventory, MRI device inventory, safety lab tests, and other expenses.
Investment Overview
Committed : $13,150
Deal Terms
Total Commitments
- Platform
- Netcapital
- Start Date
- 04/05/2024
- Close Date
- 04/30/2025
$10,000
$275,000
$99
Equity - Common
Early Stage
RegCF
$1.00
$6,366,162
Company & Team
Company
- Year Founded
- 2020
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2023
- Monthly Burn
-
$1,798
as of FY2023
-
Runway
-
0.2 months
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2025 | Netcapital | $6,366,162 | $13,150 | Equity - Common | Active | RegCF |