Phizzle

Phizzle

Growth Stage

Data Integrity for the Pharmaceutical Industry

Data Integrity for the Pharmaceutical Industry

Overview

Raised this Round: 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    Open SEC Filing

Price Per Share

$0.40

Pre-Money Valuation

$78,293,266

Year Founded

2005

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

San Francisco, California

Business Type

Growth

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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Phizzle on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $78,293,266
Price per Share: $0.40

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