Massage Robotics
Early Stage
Just for the feel of it
Overview
Raised: $175,615
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/12/2022
Close Date
01/11/2023
Min. Goal
$9,999
Max. Goal
$1,069,200
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.35
Pre-Money Valuation
$15,185,243
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,463
# of Investors
87
Momentum
Funded
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Year Founded
2016
Industry
Fitness & Wellness
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
High
Capital Intensity
High
Massage Robotics, with a valuation of $15.2 million, is raising funds on StartEngine. The company is creating a massage robot enabled by machine learning, AI, and natural language processing. The massage robots of Massage Robotics will take care of therapists shortages, the problems of sexual misconduct, and the escalating prices at massage clinics. Massage Robotics is in the pre-revenue stage with an MVP and anticipates offering a Robot-as-a-Service monthly subscription for B2B wellness clinics. Christian Mackin and Sean Mackin founded Massage Robotics in April 2016. The current crowdfunding campaign has a minimum target of $9,999.45 and a maximum target of $1,069,200. The campaign proceeds will be used for demonstrations, manufacturing, production, and pilot placements.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-51,686 |
$-31,361 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$9,307 |
$2,727 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$64,146 |
$78,520 |
|
Short-Term Debt |
$62,849 |
$45,752 |
|
Long-Term Debt |
$162,942 |
$142,727 |
|
Total Liabilities |
$225,791 |
$188,479 |
Financials as of: 09/12/2022
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