Nucleus

Nucleus

Closed: Apr. 2023

About this raise: Nucleus, with a valuation of $12 million, is raising funds on Wefunder. It is a venture studio for psychedelics that builds brands to educate the masses, activate new stakeholders, and distribute data about powerful medicines. Nucleus’ platform, Neuly, connects people with the psychedelics industry and works for investors, potential patients, practitioners, and professionals within the industry. Nucleus has 50,000 subscribers, a growing network of 3,000 care practitioners, and a sales pipeline of 200 psychedelic companies. Logan Lenz, Dustin Robinson, and Robert Velarde founded Nucleus in June 2021. The current crowdfunding campaign has a minimum target of $500,000 and a maximum target of $3 million. The campaign proceeds will be used for scaling and improving the platform, content development and marketing, industry data and research, and operational improvements.

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Investment Overview

Invested this round: $521,349

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
10/21/2022
Close Date
04/30/2023
Min. Goal
$500,000
Max. Goal
$3,000,000
Min. Investment

$200

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$10,000,000

Valuation Cap

$12,000,000

Discount

15%

Company & Team

Company

Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Fort Lauderdale, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
Yes
Founder Name
Logan Lenz
Title
CEO
Founder Name
Dustin Robinson
Title
Board Member
Founder Name
Roberto Velarde
Title
co-founder

Financials

 Revenue
$10,000
 Monthly Burn
$11,753
 Runway
1.8 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-141,038

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$20,813

$0

Accounts Receivable

$0

$0

Total Assets

$770,813

$0

Short-Term Debt

$24,980

$0

Long-Term Debt

$81,000

$0

Total Liabilities

$105,980

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $12,000,000 $521,349 SAFE Funded RegCF
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Add to portfolio
Nucleus on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000

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