Recovering Bro
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.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Netcapital
- Start Date
- 02/02/2023
- Close Date
- 12/04/2023
$10,001
$1,000,000
$99
Equity - Common
Early Stage
RegCF
$0.99
$7,920,000
Company & Team
Company
- Year Founded
- 2021
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
-
$9,787
as of FY2022
- Monthly Burn
-
$11,573
as of FY2022
-
Runway
-
1.8 months
as of FY2022
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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 |