iNitrile
About this raise: 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.
Investment Overview
Not Funded: $10,130
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 09/28/2021
- Close Date
- 03/23/2022
$10,000
$1,069,998
$101
Equity - Common
Seed
RegCF
$1.95
$50,001,750
Company & Team
Company
- Year Founded
- 2020
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- High
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/23/2022 | StartEngine | $50,001,750 | $10,130 | Equity - Common | Not Funded | RegCF |