Kazu by Wellness Insight Technologies

Kazu by Wellness Insight Technologies

Closed: Apr. 2023

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.

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Investment Overview

Invested this round: $26,763

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
03/03/2023
Close Date
04/30/2023
Min. Goal
$10,000
Max Goal
$1,235,000
Min. Investment

$200

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$16,035,886

Discount

15%

Company & Team

Company

Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
San Jose, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Ramon Alarcon
Title
CEO

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

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

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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
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Add to portfolio
Kazu by Wellness Insight Technologies on StartEngine 2023
Platform: StartEngine
Security Type: SAFE
Valuation: $16,035,886

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