Keto5

Keto5

Closed: Sep. 2022

About this raise

Keto5, with a valuation of $50 million, is raising funds on StartEngine. The company makes products that improve ketone levels in the bloodstream and improve the quality of people’s lives. The increased levels of ketone enable users to achieve five times the level of ketosis achieved by diet alone. The potential benefits of Keto5 include improvement of medical disease symptoms, decrease in inflammation, and reduction in prescription medications. Dr. Michael Wool founded Keto5 in February 2017. The current crowdfunding campaign has a minimum target of $10,003.50 and a maximum target of $1,069,999.25. The campaign proceeds will be used to launch the products on the market and build the clinical network.

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Investment Overview

Invested this round: $176,099

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
06/30/2022
Close Date
09/28/2022
Min. Goal
$10,004
Max Goal
$1,069,999
Min. Investment

$499

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.75

Pre-Money Valuation

$50,000,001

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Beverly Hills, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Michael Wool
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$5,261
 Runway
0.9 months
Gross Margin
29%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,900

$1,502

COGS

$2,766

$611

Tax

$0

$0

 

 

Net Income

$-63,129

$-59,656

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,893

$995

Accounts Receivable

$0

$0

Total Assets

$96,320

$69,159

Short-Term Debt

$2,310

$0

Long-Term Debt

$0

$0

Total Liabilities

$2,310

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/28/2022 StartEngine $50,000,001 $176,099 Equity - Common Funded RegCF
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Add to portfolio
Keto5 on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $50,000,001
Price per Share: $4.75

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Follow Keto5 on StartEngine 2022

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Warning: according to the close date for this deal, Keto5 may no longer be accepting investments.

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