About this raise: ProVEDA, with a valuation of $135 million, is raising funds on Mundial Financial Group. 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 $1.2 million. The campaign proceeds will be used for marketing and advertising, product research and development, operational expenses, and general working capital.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments ($USD)
- Platform
- Mundial Financial Group
- Start Date
- 07/15/2024
- Close Date
- 09/30/2024
$9,999
$1,199,999
$250
Equity - Common
Pre-Seed
RegCF
$1.70
$135,000,000
Company & Team
Company
- Year Founded
- 2020
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- 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 |
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.