Reset IV
About this raise: Reset IV, with a pre-money valuation of $10 million, is raising funds on StartEngine. The company’s platform allows individuals to order IV treatments and restorative infusion to their location on-demand. Reset IV brings health and wellness to users’ locations and deals with migraines, food poisoning, and hangovers. Reset IV was founded by Daniel Rubenstein in October 2017 and treated more than 3,000 patients in the first ten months of operation. The proceeds of the current round of crowdfunding of Reset IV, with a minimum goal of $10,000 and a maximum goal of $1,070,000, will be used to diversify the business into new states and cities. Reset IV has generated over $3.7 million in revenues in the two years of its operation and reported an 84.51% increase in sales from 2018 to 2019.
Investment Overview
Invested : $1,069,996
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 02/28/2020
- Close Date
- 12/28/2020
$10,000
$1,070,000
$250
Equity - Common
Series A
RegCF
$1.04
$10,000,000
Company & Team
Company
- Year Founded
- 2017
- Industry
- Fitness & Wellness
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
- $329,427
- Monthly Burn
- Profitable
- Cash on Hand
- $7,550
- Gross Margin
- 91%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/28/2020 | StartEngine | $10,000,000 | $1,069,996 | Equity - Common | Funded | RegCF |