Mediloq
Sustainable Child-Safe Packaging
Overview
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
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
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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