RS BioTherapeutics

RS BioTherapeutics

[Closed for Investment] RS BioTherapeutics, with a valuation of $40 million, is raising funds on StartEngine. The company is bringing innovation in respiratory drug development to address inflammatory lung diseases. RS BioTherapeutics is initially focused on COPD and IPF with its innovative inhaled therapy, RSBT-001, and is opening new avenues for treatment and care. RSBT-001 is a multi-targeted immune modulator derived from cannabinoids and does not carry the side effects of using corticosteroids for targeting lung inflammation. Dean Hart founded RS BioTherapeutics in February 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product development, safety and toxicology study design, and operations.

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Investment Overview

Raised this Round: Raised: $196,189

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
04/30/2024
Close Date
07/29/2024
Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$40,000,000

Discount

15%

Company & Team

Company

Year Founded
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Cumberland, Maryland
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Justin Molignoni
Title
Board Chair/Chief Strategy Officer

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$140,000
 Runway
4.4 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-3,047,449

$-2,083,273

Summary Balance Sheet

FY 2023 FY 2022

Cash

$4,979

$1,502,397

Accounts Receivable

$0

$0

Total Assets

$31,300

$1,527,085

Short-Term Debt

$1,051,533

$1,025,615

Long-Term Debt

$10,104

$24,056

Total Liabilities

$1,061,637

$1,049,671

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,522,307
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/29/2024 StartEngine $40,000,000 $196,189 Convertible Note Funded RegCF
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Add to portfolio
RS BioTherapeutics on StartEngine 2024
Platform: StartEngine
Security Type: Convertible Note
Valuation: $40,000,000

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Follow RS BioTherapeutics on StartEngine 2024

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

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