Psycheceutical Bioscience

Psycheceutical Bioscience

Growth Stage

Safer psychedelic medicines for better mental health treatments

Safer psychedelic medicines for better mental health treatments

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/26/2023

Close Date

12/15/2023

Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment

$250

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.10

Early Bird Valuation

$124,017,018

Pre-Money Valuation

$135,291,292

Year Founded

2004

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Location

Fleming Island, Florida

Business Type

Growth

Psycheceutical Bioscience, with a valuation of $135.29 million, is raising funds on Wefunder. The company is developing two patented delivery technologies to make psychedelics more safe and efficient. Psycheceutical Bioscience aims to provide safer psychedelic medicines for better mental health treatments and has collected observational data to show its technology led to symptom relief in 80% of the patients. Also, the phase one trial results of ketamine topical for PTSD have shown to be safe and well-tolerated. Chad Harman founded Psycheceutical Bioscience in June 2004. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for public filing expenses, strategic transactions and business development initiatives, corporate administration, and general working capital purposes.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-16,979,840

$-1,414,587

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,994,805

$327,323

Accounts Receivable

$0

$0

Total Assets

$2,374,077

$327,323

Short-Term Debt

$2,419,174

$264,380

Long-Term Debt

$0

$0

Total Liabilities

$2,419,174

$264,380

Financials as of: 09/26/2023
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Psycheceutical Bioscience 12/15/2023 Wefunder $135,291,292 $0 Equity - Common Not Funded RegCF

No prior online funding rounds.

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Psycheceutical Bioscience on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Common
Valuation: $135,291,292
Price per Share: $0.10

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