iNitrile

Growth Stage

Automatic Disposable Glove Dispenser

Analytics

Raised to Date: Raised: $7,938

Aggregate Commitments $

Platform

StartEngine

Start Date

09/28/2021

Close Date

03/23/2022

Min. Goal

$10,000

Max. Goal

$1,069,998

Min. Investment

$101

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$50,001,750

Rolling Commitments $

Status

Active

Reporting Date

10/17/2021

Days Remaining

157

% of Min. Goal

79%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$418

Momentum
cold
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Location

Houston, Texas

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

High

Capital Intensity

High

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: 09/28/2021
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iNitrile on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $50,001,750

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