Kazu by Wellness Insight Technologies

Early Stage
Health In Tune With You
Overview
Raised: $13,817
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
38
% of Min. Goal
138%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$691
# of Investors
22
Momentum
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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
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$340,169 |
$558,466 |
COGS |
$10,554 |
$16,105 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-594,126 |
$-420,310 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
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: 03/03/2023
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