HelioFlux

HelioFlux

Closed: Oct. 2024

About this raise

HelioFlux, with a valuation of $25 million, is raising funds on StartEngine. The company has developed a cutting-edge technology platform to detect cancer early. HelioFlux uses the power of quantum mechanics, biophysics, and AI to measure subtle changes in cell light emissions to detect cancer and reprogram cells back to health. The technology is developed by experienced scientists and validated by leading researchers. Nirosha Murugan and Kelly Lucas founded HelioFlux in August 2023. The current crowdfunding campaign has a minimum target of $14,998.50 and a maximum target of $4.9 million. The campaign proceeds will be used for IP protection and expansion, research and development, talent acquisition and team expansion, partnership exploration, and marketing.

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Investment Overview

Invested this round: $42,032

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
07/31/2024
Close Date
10/29/2024
Min. Goal
$14,999
Max Goal
$4,999,997
Min. Investment

$299

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.25

Pre-Money Valuation

$25,000,000

Company & Team

Company

Year Founded
2023
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Raleigh, North Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Kelly Lucas
Title
President, Board Member
Founder Name
Nirosha Murugan
Title
CEO

Financials

as of May 1, 2024
 Revenue
$0
 Monthly Burn
$1,700
 Runway
24+ months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-3,862

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$66,138

$0

Accounts Receivable

$0

$0

Total Assets

$66,138

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$70,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/29/2024 StartEngine $25,000,000 $42,032 Equity - Common Funded RegCF
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Add to portfolio
HelioFlux on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $25,000,000
Price per Share: $2.25

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Follow HelioFlux on StartEngine 2024

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

HelioFlux Deal Report

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