ProVEDA


About this raise: ProVEDA is raising funds on Dealmaker Securities. The company has created a topical therapeutic formulation to enhance external analgesic activity and alleviate pain. ProVEDA’s Max Pain Relief is made using select plant extracts and essential oils and uses a patented delivery system for faster absorption and pain relief. The products are manufactured in FDA-registered facilities under strict regulatory compliance and come with a 30-day money-back guarantee. R. Scott Grizzle and Rowland Hanson founded ProVEDA in May 2020. The current crowdfunding campaign has a minimum target of $9,999.40 and a maximum target of $1.5 million. The campaign proceeds will be used for marketing and advertising, product research and development, operational expenses, and general working capital.

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Investment Overview

Committed this round: $250

Deal Terms

Total Commitments ($USD)

Platform
DealMaker Securities
Start Date
01/02/2025
Close Date
04/30/2025
Min. Goal
$9,999
Max. Goal
$1,499,998
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.70

Pre-Money Valuation

$134,691,363

Company & Team

Company

Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Miramar Beach, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Rowland Hanson
Title
Co-Chairman and Co-CEO
Founder Name
Scott Grizzle
Title
Co-Chairman and Co-CEO

Financials

as of December 31, 2024
 Revenue
$52,527
 Monthly Burn
$50,000
 Runway
0.5 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$52,527

$13,455

COGS

$91,257

$49,128

Tax

$2,200

$2,767

 

 

Net Income

$-1,106,941

$-3,889,988

Summary Balance Sheet

FY 2023 FY 2022

Cash

$23,526

$203,370

Accounts Receivable

$0

$0

Total Assets

$1,542,961

$1,943,888

Short-Term Debt

$2,048,375

$1,968,361

Long-Term Debt

$1,077,000

$1,077,000

Total Liabilities

$3,125,375

$3,045,361

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$7,310,500
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 DealMaker Securities $134,691,363 $250 Equity - Common Active RegCF
09/30/2024 Mundial Financial Group $135,000,000 $0 Equity - Common Not 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

Add to portfolio
ProVEDA on Dealmaker Securities 2025
Platform: DealMaker Securities
Security Type: Equity - Common
Valuation: $134,691,363
Price per Share: $1.70

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Follow ProVEDA on Dealmaker Securities 2025

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