Recovering Bro

Recovering Bro

Closed: Dec. 2023

About this raise

Recovering Bro, with a valuation of $7.9 million, is raising funds on NetCapital. It is a health and fitness company that uses technology, comedy, and content to sell nutritional supplements. The premium nutritional supplements of Recovering Bro are made by combining eastern herbs with modern nutrients and help people feel better all day. The business has grown through online sales and its first brick-and-mortar store and plans to keep growing through national retailers and the military. Dr. Dusten Nelson, David Summers, and Jonathan Thompson founded Recovering Bro in February 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1 million. The campaign proceeds will be used for advertising, marketing and sales, inventory, and payroll.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
02/02/2023
Close Date
12/04/2023
Min. Goal
$10,001
Max Goal
$1,000,000
Min. Investment

$99

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.99

Pre-Money Valuation

$7,920,000

Company & Team

Company

Year Founded
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Chicago, Illinois
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Dusten Nelson
Title
CEO
Founder Name
David Summers
Title
CFO/CTO
Founder Name
Jonathan Thompson
Title
Co-Founder

Funding data not publicly available

Financials

 Revenue
$9,787
as of FY2022
 Monthly Burn
$11,573
as of FY2022
 Runway
1.8 months
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$41,233

$9,787

COGS

$81,238

$35,768

Tax

$0

$0

 

 

Net Income

$-138,880

$-59,120

Summary Balance Sheet

FY 2022 FY 2021

Cash

$21,271

$37,520

Accounts Receivable

$0

$0

Total Assets

$27,000

$40,922

Short-Term Debt

$0

$0

Long-Term Debt

$225,000

$100,000

Total Liabilities

$225,000

$100,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$225,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/04/2023 Netcapital $7,920,000 $0 Equity - Common Not Funded RegCF
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Add to portfolio
Recovering Bro on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $7,920,000
Price per Share: $0.99

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Warning: according to the close date for this deal, Recovering Bro may no longer be accepting investments.

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