Ryca International

Ryca International

Early Stage

Effortless Oral Care

Effortless Oral Care

Overview

Raised this Round: Raised: $1,071,997

Total Commitments ($USD)

Platform

StartEngine

Start Date

04/23/2020

Close Date

07/22/2020

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$8,000,000

Discount

20%

Year Founded

1969

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B2C

Margin

High

Capital Intensity

High

Location

Los Angeles, California

Business Type

Life Style

Ryca International, with a valuation cap of $8 million, is raising funds on StartEngine. The company is revolutionizing oral care with its product Encompass. It is a half-mouth toothbrush designed for the way one brushes and provides optimal cleaning in just 20 seconds. Encompass adheres to the guidelines of regulators and the American Dental Association and eliminates all user errors in brushing. Ryca International was founded by Ryan Schwartz and Cary Schwartz and raised $420,000 in pre-order sales in two months. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used to build Encompass and deliver it to a wider market. Ryca International is led by a world-class team of partners and advisers and has proven market demand.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-250,494

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$250,325

$0

Accounts Receivable

$0

$0

Total Assets

$250,325

$0

Short-Term Debt

$378,219

$0

Long-Term Debt

$326,399

$228,899

Total Liabilities

$704,618

$228,899

Financials as of: 04/23/2020
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Ryca International on StartEngine
Platform: StartEngine
Security Type: Convertible Note
Valuation: $8,000,000

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