NEXTLEAP Cold Sore Care
Early Stage
A new breakthrough treatment approach for cold sores-Return to Normal in 1-2 Days!
Overview
Raised: $106,800
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/01/2024
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$1,230,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$12,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,228
# of Investors
26
Momentum
Funded
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Year Founded
2022
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
NEXTLEAP Cold Sore Care, with a valuation of $12 million, is raising funds on Wefunder. The company has developed a new breakthrough treatment for cold sores. NEXTLEAP Cold Sore Care’s IP-protected product gives new and improved results for cold sore treatment and reduces the appearance of skin discoloration. The business has a loyal customer base and reported a 300% monthly sales growth over the last year. Frank Murdock and Paul Stewart founded NEXTLEAP Cold Sore Care in August 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.23 million. The campaign proceeds will be used for sales and marketing and general administrative expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$753 |
$0 |
|
COGS |
$84 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-78,378 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$16,118 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$84,384 |
$0 |
|
Short-Term Debt |
$161,762 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$161,762 |
$0 |
Financials as of: 02/01/2024
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