HealthySole

HealthySole

Closed: Aug. 2023

About this raise

HealthySole is raising funds through Reg A+ crowdfunding with Rialto Markets as the Broker-Dealer. The company has developed a shoe sanitizer technology that uses UV-C light to eliminate shoe-borne pathogens. The use of HealthySole technology reduces the risk of contamination, especially in hospitals, surgery centers, and long-term care facilities. The device is called HealthySole PLUS and kills 99.99% of pathogens found on shoe soles in eight seconds. Robert Kassel and Peter Kassel founded HealthySole in 2022. The current crowdfunding campaign has a maximum target of $40,000,000. The campaign proceeds will be used for sales and industry outreach, increasing manufacturing capacity, research and development, expansion of personnel, and working capital.

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Investment Overview

Funding data not publicly available

Deal Terms

Platform
Rialto Markets
Start Date
08/04/2022
Close Date
Not Provided
Min. Goal
$116
Max Goal
$40,000,000
Min. Investment

$116

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$5.80

Pre-Money Valuation

$40,000,000

Company & Team

Company

Year Founded
2022
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Location
Incline Village, Nevada
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Robert Kassel
Title
Chairman of the Board, Chief Operating Officer, Secretary
Founder Name
Peter Kassel
Title
CEO, President, Treasurer, Director

Funding data not publicly available

Financials

 Revenue
$518,423
 Monthly Burn
$131,207
 Runway
3 months

Balance Sheet

Cash and Cash Equivalents

$398,594

Accounts and Notes Receivable

$30,331

Total Assets

$637,222

Accounts Payable & Accrued Liabilities

$268,763

Long Term Debt

$0

Total Liabilities

$268,763

Total Stockholders' Equity

$368,459

Total Liabilities and Equity

$637,222

Statement of Comprehensive Income Information

Total Revenues

$518,423

Costs & Expenses Applicable to Rev

$1,929,628

Net Income

$-1,574,479

Earnings Per Share - Basic

$-15.13

Earnings Per Share - Diluted

$-15.13

Auditor: Assurance Dimensions
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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
08/04/2023 Rialto Markets $40,000,000 - Equity - Common Funded RegA+
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Add to portfolio
HealthySole on Rialto Markets 2022
Platform: Rialto Markets
Security Type: Equity - Common
Valuation: $40,000,000
Price per Share: $5.80

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Follow HealthySole on Rialto Markets 2022

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Warning: according to the close date for this deal, HealthySole may no longer be accepting investments.

HealthySole Deal Report

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