Phizzle
Growth Stage
Data Integrity for the Pharmaceutical Industry
Overview
Raised: $141,858
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/13/2022
Close Date
03/12/2023
Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment
$200
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$0.40
Pre-Money Valuation
$78,293,266
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,202
# of Investors
176
Momentum
Funded
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Year Founded
2005
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Phizzle, with a valuation of $78.3 million, is raising funds on StartEngine. The company is automating and digitizing scientific lab instruments used in pharmaceuticals and other clean manufacturing environments. Phizzle has a patented IoT solution that can remotely operate various types of lab instruments from the cloud. The FDA-compliant system of Phizzle enables data companies to automate their operations and optimize their workflows while maintaining data integrity. Ben Davis III founded Phizzle in August 2005. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5 million. The campaign proceeds will be used to scale the operations and accelerate the current pipeline.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$869,326 |
$1,365,296 |
|
COGS |
$507,569 |
$334,648 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,454,298 |
$-1,765,819 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$615,364 |
$722,081 |
|
Accounts Receivable |
$24,218 |
$308,561 |
|
Total Assets |
$724,602 |
$1,113,142 |
|
Short-Term Debt |
$3,567,707 |
$789,019 |
|
Long-Term Debt |
$141,228 |
$954,036 |
|
Total Liabilities |
$3,708,935 |
$1,743,055 |
Financials as of: 11/13/2022
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