Neurocarrus

Neurocarrus

Early Stage

New first-in-class sensory neuron specific pain drug treats pain without risk of addiction

New first-in-class sensory neuron specific pain drug treats pain without risk of addiction

Overview

Raised this Round: Raised: $91,600

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/16/2024

Close Date

10/31/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$11,250,000

Discount

0%

Year Founded

2017

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B2C

Margin

High

Capital Intensity

High

Location

Monterey, California

Business Type

Growth

Neurocarrus, with a valuation of $11.25 million, is raising funds on Wefunder. The company has developed the drug candidate N-001 to provide neuron-specific pain relief without risk of addiction. Neurocarrus’ N-001 is a first-in-class, long-acting aesthetic-like drug that could reduce or avoid opioid use and targets neurons to calm their excessive activity that causes pain. The company is led by an experienced team and has patents issued on exclusively licensed technology in the US and other countries. Paul Blum founded Neurocarrus in October 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for salaries, contract research organisation services for pre-clinical development, consultants for FDA review, manufacturing, and operations.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$136,909

$194,284

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-42,789

$6,171

Summary Balance Sheet

FY 2023 FY 2022

Cash

$52,150

$51,814

Accounts Receivable

$0

$0

Total Assets

$97,150

$98,814

Short-Term Debt

$47,763

$6,637

Long-Term Debt

$100,000

$100,000

Total Liabilities

$147,763

$106,637

Financials as of: 06/16/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Neurocarrus 10/30/2024 Wefunder $11,250,000 $91,600 SAFE Active RegCF
Neurocarrus 04/17/2019 Wefunder $7,500,000 $341,682 SAFE Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Neurocarrus on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $11,250,000

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