Smyle Nation
Early Stage
Affordable clear dental aligners
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/05/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$10
Valuation Cap
$15,360,000
Discount
10%
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/09/2023
Days Remaining
325
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Year Founded
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Smyle Nation, with a valuation of $15.36 million, is raising funds on Wefunder. The company makes affordable clear dental aligners to fix misaligned teeth and bites. The business offers full-service options, including easy-to-use hard cases, retainers for after-treatment, teeth whitening kits, and technician support. Smyle Nation aims to roll out in three phases, with the first stage beginning by selling 250 clear aligner cases in Q1 2023. Herman Butler founded Smyle Nation in September 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing and advertising, platform development and maintenance, packaging, materials and shipping, operations, salary and compensation.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-53,875 |
$-71,299 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$33,186 |
$45,388 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/05/2023
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