iNitrile

iNitrile

Growth Stage

Automatic Disposable Glove Dispenser

Automatic Disposable Glove Dispenser

Overview

Raised to Date: Raised: $10,130

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/27/2021

Close Date

03/23/2022

Min. Goal
$10,000
Max. Goal
$1,069,998
Min. Investment

$101

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.95

Pre-Money Valuation

$50,001,750

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

03/30/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$58

# of Investors

45

Momentum
Not Funded
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Year Founded

2020

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Location

Houston, Texas

Business Type

Growth

iNitrile, with a valuation of $50 million, is raising funds on StartEngine. The company has built an automatic disposable glove dispenser that eliminates the risk of contamination. The dispensing machine also helps in streamlining the process and minimizing product wastage. iNitrile is focused on safety, inventory optimization, and automation. Omri Shafran and Jad Shraim founded iNitrile in July 2020. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $1,069,998.15. The campaign proceeds will be used for R&D, final design and UL certification, and mass production.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-131,707

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$5,166

$0

Accounts Receivable

$0

$0

Total Assets

$41,029

$0

Short-Term Debt

$19,213

$0

Long-Term Debt

$153,523

$0

Total Liabilities

$172,736

$0

Financials as of: 09/27/2021
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iNitrile on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $50,001,750
Price per Share: $1.95

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