Odyssey Science

Odyssey Science

Closed: Dec. 2020

About this raise

Odyssey Science, with a valuation cap of $5 million, is raising funds on Wefunder. The company uses green manufacturing technology to eliminate preservatives and wasteful elements from beauty and wellness products. The products of Odyssey Science are manufactured to achieve the highest level of efficacy, stability, and safety. Michael Brower, Robert Munroe, Ronald Gurge, and Walter Larsen founded Odyssey Science in June 2020. The proceeds of the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $107,000, will be used for sales and marketing, R&D, inventory, and general and working capital. Odyssey Science uses ESP technology to eliminate light and oxygen from the manufacturing and packing process to increase the shelf life of products.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
11/13/2020
Close Date
12/16/2020
Min. Goal
$50,000
Max Goal
$107,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Company & Team

Company

Year Founded
2020
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Swansea, Massachusetts
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Founder Name
Michael Brower
Founder Name
Ronald M. Gurge
Title
Co-Founder
Founder Name
Robert Munroe
Title
CEO
Founder Name
Walter Larsen
Title
Co-Founder

Funding data not publicly available

Financials

 Revenue
$3,749
 Monthly Burn
$1,019
 Runway
0.8 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,749

$0

COGS

$61,655

$0

Tax

$0

$0

 

 

Net Income

$-12,229

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$804

$0

Accounts Receivable

$0

$0

Total Assets

$49,426

$0

Short-Term Debt

$61,655

$0

Long-Term Debt

$0

$0

Total Liabilities

$61,655

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/16/2020 Wefunder $5,000,000 $0 SAFE Not Funded RegCF
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Add to portfolio
Odyssey Science on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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