Psyonic

Early Stage

Redefining Human

Analytics

Raised to Date: Raised: $584,259

Aggregate Commitments $

Platform

StartEngine

Start Date

10/19/2022

Close Date

01/16/2023

Min. Goal

$9,999

Max. Goal

$1,234,998

Min. Investment

$249

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$2.35

Pre-Money Valuation

$49,937,500

Rolling Commitments $

Status

Active

Reporting Date

11/27/2022

Days Remaining

50

% of Min. Goal

5,843%

% of Max. Goal

47%

Likelihood of Max
likely
Avg. Daily Raise

$14,981

# of Investors

213

Momentum
cool.svg
Create a free account today to gain access to KingsCrowd analytics.
Location

San Diego, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

Biotech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Psyonic, with a valuation of $49.94 million, is raising funds on StartEngine. The company has leveraged its proprietary bionic technology to develop the world’s first multi-touch sensing bionic hand. The Ability Hand of Psyonic offers users more functional and faster mobility at a low cost and replicates touch sensation for amputees. Psyonic’s Ability Hand is 20% lighter than a human hand and has a 200-millisecond closing speed to give the high-performance people deserve. Aadeel Akhtar founded Psyonic in November 2015. The current crowdfunding campaign has a minimum target of $9,999.25 and a maximum target of $1.23 million. The campaign proceeds will be used to expand into other prosthetic limbs.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$652,789

$674,145

COGS

$872,488

$597,900

Tax

$0

$0

 

 

Net Income

$-441,251

$-134,679

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$158,324

$389,163

Accounts Receivable

$162,197

$15,500

Total Assets

$320,520

$558,650

Short-Term Debt

$89,424

$86,381

Long-Term Debt

$1,427,500

$1,227,500

Total Liabilities

$1,516,924

$1,313,881

Financials as of: 10/19/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Analyst Report Analyst Report Methodology Article

Pending Review

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Psyonic on StartEngine 2022
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $49,937,500

Follow company

Follow Psyonic on StartEngine 2022
View on StartEngine
Bullish / Bearish
You're Bullish on Psyonic on StartEngine 2022

Thank you for your vote on Psyonic on StartEngine 2022

Bullish / Bearish
You're Bearish on Psyonic on StartEngine 2022

Thank you for your vote on Psyonic on StartEngine 2022