NIRA Skin

NIRA Skin

Closed: Apr. 2020

About this raise

NIRA Skin, with a pre-money valuation of $16 million, is raising funds on StartEngine. The company is bringing dermatology at home through its affordable skincare laser that reduces fine lines and wrinkles around the eyes. The Dermal Photonics products stimulate natural collagen production without side effects. NIRA Skin was founded by David Bean in 2012. The current round of crowdfunding of NIRA Skin has a minimum raise of $10,000 and a maximum raise of $107,000. The skincare laser product for fine lines and wrinkles was FDA approved in 2017 and was launched in the mass market in September of 2019. The company plans to launch many new products dealing with other skin ailments like acne laser and full-face skin renewing laser.

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Investment Overview

Invested this round: $39,871

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
01/08/2020
Close Date
04/07/2020
Min. Goal
$9,999
Max Goal
$107,000
Min. Investment

$245

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.06

Pre-Money Valuation

$16,000,000

Company & Team

Company

Year Founded
2012
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Location
Peabody, Massachusetts
Business Type
Life Style
Company Website
Visit Website

Team

Employees
8
Founder Name
David Bean
Title
President and CEO

Financials

 Revenue
$2,388
 Monthly Burn
$27,978
 Runway
24+ months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,388

$25,475

COGS

$56,845

$2,233

Tax

$0

$0

 

 

Net Income

$-335,730

$-237,396

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$726,049

$13,963

Accounts Receivable

$0

$0

Total Assets

$1,171,976

$293,670

Short-Term Debt

$218,659

$119,627

Long-Term Debt

$500,000

$0

Total Liabilities

$718,659

$119,627

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/07/2020 StartEngine $16,000,000 $39,871 Equity - Common Funded RegCF
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Add to portfolio
NIRA Skin on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $16,000,000
Price per Share: $1.06

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Warning: according to the close date for this deal, NIRA Skin may no longer be accepting investments.

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