OneFul Health (2023)

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.

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Investment Overview

Invested this round: $52,192

Deal Terms

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    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$11,482,286

Company & Team

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

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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Company Funding & Growth

Funding history

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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Growth Charts

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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Add to portfolio
OneFul Health on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $11,482,286
Price per Share: $1.00

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

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