Supersapiens (2023)

Supersapiens (2023)

Closed: Apr. 2023

About this raise

Supersapiens, with a valuation of $85 million, is raising funds on Republic. The company has developed a real-time biometrics platform to monitor and optimize human health and performance. The platform offers real-time glucose monitoring and provides metabolic insights, assistance, and education for athletes. Supersapiens has over 15,000 users and generated $2 million in revenue in 2022. Phil Southerland, Jay Robbins, and Fitzalan Crowe founded Supersapiens in February 2019. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, sales and marketing, science and research and development, infrastructure, and working capital.

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Investment Overview

Invested this round: $1,235,000

Deal Terms

Total Commitments

Platform
Republic
Start Date
04/07/2023
Close Date
04/28/2023
Min. Goal
$250,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

Convertible Note

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$85,000,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Location
ATLANTA, Georgia
Business Type
Growth
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Phil Southerland
Title
CEO
Founder Name
Jay Robbins
Title
CFO

Financials

 Revenue +2,036% YoY
$1,832,611
as of FY2021
 Monthly Burn
$1,183,128
as of FY2021
 Runway
0.5 months
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$1,832,611

$85,790

COGS

$2,709,094

$201,991

Tax

$1,517

$42

 

 

Net Income

$-14,197,534

$-2,871,063

Summary Balance Sheet

FY 2021 FY 2020

Cash

$571,660

$86,084

Accounts Receivable

$14,874

$0

Total Assets

$5,125,416

$2,068,703

Short-Term Debt

$2,151,423

$471,176

Long-Term Debt

$14,294,462

$4,841,980

Total Liabilities

$16,445,885

$5,313,156

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$24,893,081
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/03/2024 Republic $120,000,000 $0 Convertible Note Withdrawn RegCF
04/28/2023 Republic $85,000,000 $1,235,000 Convertible Note Funded RegCF
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Growth Charts

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.

Valuation History

Employee History

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Add to portfolio
Supersapiens on Republic 2023
Platform: Republic
Security Type: Convertible Note
Valuation: $85,000,000

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Follow Supersapiens on Republic 2023

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

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