About this raise
PSYONIC, with a valuation of $65.07 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 $9,999.45 and a maximum target of $2.74 million. The campaign proceeds will be used for research and development, marketing, manufacturing, operations, and sales and support.
Investment Overview
Invested : $1,039,609
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 03/26/2024
- Close Date
- 04/29/2024
$9,999
$2,740,129
$294
Equity - Common
Series B
RegCF
$2.43
$65,067,393
Company & Team
Company
- Year Founded
- 2015
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +153% YoY
- $1,655,166
- Monthly Burn
- Profitable
- Cash on Hand
- $2,073,916
- Gross Margin
- 51%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $4,131,351
- Grants
- $1,000,000
- VC Backed?
- No
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.