Kazu by Wellness Insight Technologies
About this raise
Kazu by Wellness Insight Technologies, with a valuation of $16.04 million, is raising funds on StartEngine. Kazu is an interactive handheld device that uses AI to dispense personalized doses of medicines and supplements. The complete Kazu by Wellness Insight Technologies platform includes consumable pods and a connected mobile app. The platform offers unprecedented self-care with different pods for different needs, including CBD, melatonin, and more. Ramon Alarcon founded Kazu by Wellness Insight Technologies in January 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for inventory, capital equipment, operations, research and development, and marketing.
Investment Overview
Invested : $26,763
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 03/03/2023
- Close Date
- 04/30/2023
$10,000
$1,235,000
$200
SAFE
Early Stage
RegCF
$16,035,886
15%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -64% YoY
-
$340,169
as of FY2021
- Monthly Burn
-
$49,511
as of FY2021
-
Runway
-
2.2 months
as of FY2021
- Gross Margin
-
97%
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $385,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2023 | StartEngine | $16,035,886 | $26,763 | SAFE | Funded | RegCF |