Stay Clean

Stay Clean

Closed: Aug. 2021

About this raise

Stay Clean, with a pre-money valuation of $3.97 million, is raising funds on Wefunder. The company offers addiction treatment through its HIPAA secure telemedicine platform. The addicts and codependents get to access self-guided life skill tutorials, meet certified clinicians, and have an online recovery community through the Stay Clean platform. Michael Coleman and Gene Gilchrist founded Stay Clean in 2017 and have raised over $100,000 since the inception. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used towards sales and marketing, clinical staff, and general expenses. Stay Clean is led by an experienced team of health care providers and offers comprehensive treatment and recovery.

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Investment Overview

Invested this round: $56,276

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
01/13/2021
Close Date
08/31/2021
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$3,970,000

Company & Team

Company

Year Founded
2017
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Louisville, Kentucky
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Michael Coleman
Title
President

Financials

 Revenue
$250
 Monthly Burn
$778
 Runway
0.5 months
Gross Margin
75%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$250

$0

COGS

$62

$0

Tax

$190

$205

 

 

Net Income

$-9,331

$-49,623

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$379

$5,377

Accounts Receivable

$0

$0

Total Assets

$379

$5,377

Short-Term Debt

$0

$5,000

Long-Term Debt

$59,333

$50,000

Total Liabilities

$59,333

$55,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$120,657
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/31/2021 Wefunder $3,970,000 $56,276 Equity - Preferred Funded RegCF
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Add to portfolio
Stay Clean on Wefunder
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $3,970,000
Price per Share: $0.50

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

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