OneFul Health (2023)

About this raise

OneFul Health, with a valuation of $11.48 million, is raising funds on StartEngine. It is a pharma tech company that has developed several innovative drug delivery products. The business is using its patented personalized and automated medicine formulation software to create combined treatments for multiple pharmaceuticals. OneFul Health’s flagship product is a cardiovascular polypill that combines 3-7 medicines into a single gel packet and delivers personalized combination treatment. Edison T Hudson founded OneFul Health in September 2013. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, CAPEX and facility, company employment, and working capital.

Investment Overview

Invested this round: $52,192

Deal Terms
Company & Team

Total Commitments

Platform: StartEngine
Start Date: 02/27/2023
Close Date: 06/02/2023

Min. Goal
$15,000

Max Goal
$1,235,000

Min. Investment

$250

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF

Price Per Share

$1.00

Pre-Money Valuation

$11,482,286

Company

Year Founded: 2013
Industry: Healthcare & Pharmaceuticals
Tech Sector: HealthTech
Distribution Model: B2C
Margin: Medium
Capital Intensity: High
Location: Durham, North Carolina
Business Type: Growth
Company Website: Visit Website

Team

Employees: 6
Prior Founder Exits?: Yes

Founder Name: Edison Hudson
Title: CEO

Financials

Revenue -23% YoY: $5,843,237
as of FY2021
Monthly Burn: Profitable
as of FY2021
Cash on Hand: $347,297
as of FY2021
Gross Margin: 50%
as of FY2021

View Detailed Financials

Summary Profit and Loss Statement

	FY 2021	FY 2020
Revenue	$5,843,237	$7,187,789
COGS	$2,904,204	$4,417,454
Tax	$0	$0


Net Income	$119,595	$-471,495

Summary Balance Sheet

	FY 2021	FY 2020
Cash	$347,297	$147,073
Accounts Receivable	$128,876	$201,391
Total Assets	$1,221,140	$1,378,616
Short-Term Debt	$0	$0
Long-Term Debt	$0	$0
Total Liabilities	$0	$0

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Ratings

Total Prior Capital Raised: $1,017,435
VC Backed?: No

Offering Name	Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
Oneful	04/26/2024	Netcapital	$9,825,448	$23,612	Equity - Common	Funded	RegCF
OneFul Health	06/02/2023	StartEngine	$11,482,286	$52,192	Equity - Common	Funded	RegCF

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Revenue
Valuation
Price per Share
Employees

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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View on StartEngine

Common Stock, $11.5M • Closed

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Deal Considerations

Key Challenges
- No key challenges found
Other Risks
- No other risks found

OneFul Health (2023)

OneFul Health (2023)

About this raise