SunState Laboratories

SunState Laboratories

Early Stage

DAZZ Cleaning Tablets – Save Money, Plastic, and the Earth

DAZZ Cleaning Tablets – Save Money, Plastic, and the Earth

Overview

Raised to Date: Raised: $165,952

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/17/2021

Close Date

02/18/2022

Min. Goal
$100,003
Max. Goal
$2,999,989
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$12.63

Early Bird Valuation

$10,002,479

Pre-Money Valuation

$11,997,275

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/27/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,349

# of Investors

202

Momentum
Funded
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Year Founded

2020

Industry

Consumer Products, Goods & Services

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Broomfield, Colorado

Business Type

Growth

Company Website

SunState Laboratories, with a valuation of $12 million, is raising funds on Wefunder. It is a disruptive brand changing the household cleaner industry. SunState Laboratories has developed sustainable cleaning products in the form of effervescent tablets, DAZZ, that are mixed with plain water to make household cleaners. The company sells internationally as well, with new countries adding every quarter, and reported a 472% year-over-year increase in sales in 2021. David Shahan founded SunState Laboratories in 2012. The current crowdfunding campaign has a minimum target of $100,003 and a maximum target of $2,999,989. The campaign proceeds will be used for accounting and legal fees, new product development, digital marketing, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$165,911

$20,354

COGS

$87,208

$13,173

Tax

$0

$0

 

 

Net Income

$-375,621

$-53,544

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$493,028

$7,952

Accounts Receivable

$17,179

$0

Total Assets

$689,425

$85,716

Short-Term Debt

$26,309

$18,606

Long-Term Debt

$0

$0

Total Liabilities

$26,309

$18,606
Financials as of: 10/17/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
SunState Laboratories 02/17/2022 Wefunder $11,997,275 $165,952 Equity - Preferred Funded RegCF
SunState Laboratories 07/02/2020 Wefunder $5,000,000 $1,069,998 Equity - Preferred Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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SunState Laboratories on Wefunder 2021
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $11,997,275
Price per Share: $12.63

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