The Feel Good Lab

The Feel Good Lab

Early Stage

The Feel Good Lab is giving the OTC pain relief category a much-needed makeover. 1 out of 3 U.S. adults suffers from chronic pain without any healthy options to treat it, until now.

The Feel Good Lab is giving the OTC pain relief category a much-needed makeover. 1 out of 3 U.S. adults suffers from chronic pain without any healthy options to treat it, until now.

Overview

Raised this Round: Raised: $630,878

Total Commitments ($USD)

Platform

Netcapital

Start Date

11/11/2020

Close Date

04/30/2021

Min. Goal
$10,000
Max. Goal
$869,999
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.05

Pre-Money Valuation

$9,082,500

Year Founded

2016

Industry

Healthcare & Pharmaceuticals

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Farmington, Connecticut

Business Type

Growth

The Feel Good Lab, with a post-money valuation of $10.1 million, is raising funds on NetCapital. The company is revolutionizing the OTC pain relief category with its patented healthy pain relief products. The company removed all the toxic ingredients from pain relief medication and developed plant-based products, including healthy pain relief creams. Ryan Gresh, CJ Forse, and Kyle Fitzpatrick founded The Feel Good Lab in 2016. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $1,069,999, and the funds will be used for sales and marketing, hiring, inventory, R&D, and general and administrative expenses. The Feel Good Lab is backed by the University of Connecticut under the Technology Incubator Program.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$242,935

$185,157

COGS

$123,251

$101,651

Tax

$0

$0

 

 

Net Income

$-333,334

$-181,296

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$122,711

$158,217

Accounts Receivable

$20,047

$0

Total Assets

$259,290

$269,217

Short-Term Debt

$112,969

$0

Long-Term Debt

$512,031

$325,000

Total Liabilities

$625,000

$325,000

Financials as of: 11/11/2020
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The Feel Good Lab on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $9,082,500
Price per Share: $1.05

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