Stenergy

Stenergy

Closed: Sep. 2023

About this raise

Stenergy, with a valuation of $5 million, is raising funds with Andes Capital Group as the Broker-Dealer. The company is dedicated to improving the health of people and the community with its glucose control supplements. The supplements are sold under the name GluCora and provide support for healthy glucose metabolism. GluCora contains Banaba leaf extract as a natural bioactive constituent and helps in lowering fasting blood glucose levels and blood glucose levels after a carbohydrate-rich meal and improving clinical symptoms of diabetes. Samuel J. Butero founded Stenergy in April 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.07 million. The campaign proceeds will be used for debt paydown, inventory, marketing, reserve, and office and fulfillment space.

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Investment Overview

Funding data not publicly available

Deal Terms

Platform
Andes Capital
Start Date
11/23/2022
Close Date
09/29/2023
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.00

Pre-Money Valuation

$5,000,000

Company & Team

Company

Year Founded
2013
Industry
Healthcare & Pharmaceuticals
Tech Sector
Biotech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Lexington, Kentucky
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Samuel Butero
Title
Managing Director
Founder Name
Leyla Butero
Title
Managing Director

Funding data not publicly available

Financials

 Revenue
$41,752
 Monthly Burn
$8,135
 Runway
0.2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$41,752

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-97,620

$-31,228

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,634

$260

Accounts Receivable

$0

$0

Total Assets

$3,121,634

$260

Short-Term Debt

$205,343

$45,581

Long-Term Debt

$0

$0

Total Liabilities

$205,343

$45,581

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$877,500
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/29/2023 Andes Capital $5,000,000 - Equity - Common Funded RegCF
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Add to portfolio
Stenergy on Andes Capital Group 2022
Platform: Andes Capital
Security Type: Equity - Common
Valuation: $5,000,000
Price per Share: $8.00

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Follow Stenergy on Andes Capital Group 2022

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