Plasmology4

Plasmology4

Plasmology4, with a valuation of $136.6 million, is raising funds on StartEngine. The company is developing a new treatment paradigm for multidrug-refractory wounds. Plasmology4 is developing a device called Plaz4 1000 based on the Plaz4 technology that aims to be a drug-free and painless solution for many potential indications. The company’s novel non-thermal plasma technology is patent-protected and aims to get FDA clearance by 2026. Robert Hummel founded Plasmology4 in February 2010. The current crowdfunding campaign has a minimum target of $14,999.40 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development and working capital.

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Investment Overview

Raised this Round: Raised: $339,910

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
10/21/2024
Close Date
01/20/2025
Min. Goal
$14,999
Max. Goal
$1,234,999
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.17

Pre-Money Valuation

$136,593,401

Company & Team

Company

Year Founded
2010
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Scottsdale, Arizona
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Robert Hummel
Title
CEO

Financials

as of August 31, 2024
 Revenue
$0
 Monthly Burn
$215,000
 Runway
2.4 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-4,228,434

$-10,364,267

Summary Balance Sheet

FY 2023 FY 2022

Cash

$466,085

$1,171,233

Accounts Receivable

$0

$0

Total Assets

$1,250,329

$1,902,460

Short-Term Debt

$5,012,867

$4,758,917

Long-Term Debt

$201,366

$336,923

Total Liabilities

$5,214,233

$5,095,840

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$13,085,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/20/2025 StartEngine $136,593,401 $339,910 Equity - Common Active RegCF
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Add to portfolio
Plasmology4 on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $136,593,401
Price per Share: $1.17

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