Mediloq

Early Stage

Sustainable Child-Safe Packaging

Overview

Raised to Date: Raised: $18,868

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/05/2022

Close Date

02/03/2023

Min. Goal

$15,000

Max. Goal

$581,202

Min. Investment

$249

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$2.37

Pre-Money Valuation

$5,994,754

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

1

% of Min. Goal

126%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$320

# of Investors

15

Momentum
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Location

Boulder, Colorado

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Mediloq, with a valuation of $5.99 million, is raising funds on StartEngine. The company makes and sells closed-loop child-safe containers for pharmaceutical and supplement manufacturers. The containers of Mediloq are safe and sustainable alternatives to disposable plastic packaging and are durable enough to remain child-safe over a lifetime of reuses and refills. Mediloq has generated significant e-commerce revenue and has signed an agreement with a company to sell its products into over 2,000 B&M stores across the US. Dan Estoque, Nicolas Legare, and Henry Burgess-Marshall founded Mediloq in October 2016. The current crowdfunding campaign has a minimum target of $14,999.73 and a maximum target of $581,202. The campaign proceeds will be used to develop next-gen sustainable child-safe packaging, automated wash and test equipment, and a kiosk collection system, develop partnerships, build a distribution network, and strengthen the patent positions.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$23,733

$39,091

COGS

$6,906

$52,211

Tax

$0

$0

 

 

Net Income

$-22,875

$-45,784

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$791

$2,981

Accounts Receivable

$0

$0

Total Assets

$791

$55,363

Short-Term Debt

$81,190

$58,724

Long-Term Debt

$0

$126,615

Total Liabilities

$81,190

$185,339

Financials as of: 12/05/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Mediloq 02/03/2023 StartEngine $5,994,754 $18,868 Equity - Common Active RegCF
Mediloq 09/29/2022 Ignite Social Impact $3,125,000 $36,800 Equity - Common Funded RegCF
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Mediloq on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $5,994,754
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