Kazu by Wellness Insight Technologies
Early Stage
Health In Tune With You
Overview
Raised: $26,763
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/02/2023
Close Date
04/30/2023
Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment
$200
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$16,035,886
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$461
# of Investors
33
Momentum
Funded
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Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$340,169 |
$558,466 |
|
COGS |
$10,554 |
$16,105 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-594,126 |
$-420,310 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$110,958 |
$132,707 |
|
Accounts Receivable |
$35,663 |
$0 |
|
Total Assets |
$171,274 |
$220,910 |
|
Short-Term Debt |
$214,740 |
$274,939 |
|
Long-Term Debt |
$1,000,641 |
$549,741 |
|
Total Liabilities |
$1,215,381 |
$824,680 |
Financials as of: 03/02/2023
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