Tactogen

Tactogen

Closed: Jan. 2023

About this raise

Tactogen, with a valuation of $80 million, is raising funds on Wefunder. The company is developing entactogen molecules for effective prescription mental health. Entactogens are MDMA-like molecules that help people embody a better version of themselves and let them keep their fears and self-criticism aside to think clearly about their lives. The aim of Tactogen is to bring the emotional benefits of MDMA to people while warding off their unwanted and off-target effects. Matthew Baggott founded Tactogen in February 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for safety and toxicity studies for leading molecules, Phase 1 clinical trial development, and community initiatives.

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Investment Overview

Invested this round: $94,542

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
11/11/2022
Close Date
01/31/2023
Min. Goal
$50,000
Max Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$80,000,000

Discount

15%

Company & Team

Company

Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Palo Alto, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Matthew Baggot
Title
CEO
Founder Name
Luke Pustejovsky
Title
COO

Financials

 Revenue
$0
 Monthly Burn
$206,962
 Runway
8.6 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,483,543

$-428,556

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,784,371

$733,443

Accounts Receivable

$8,958

$0

Total Assets

$1,799,821

$743,111

Short-Term Debt

$136,981

$55,689

Long-Term Debt

$0

$0

Total Liabilities

$136,981

$55,689

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$6,486,070
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/31/2023 Wefunder $80,000,000 $94,542 SAFE Funded RegCF
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Add to portfolio
Tactogen on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $80,000,000

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