Thrivelab

Thrivelab

Early Stage

Healthtech platform in the hormone health space

Healthtech platform in the hormone health space

Overview

Raised to Date: Raised: $108,590

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/31/2023

Close Date

04/30/2023

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$13,000,000

Valuation Cap

$17,250,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2023

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

$1,234

# of Investors

69

Momentum
Funded
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Year Founded

2020

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

San Clemente, California

Business Type

Growth

Thrivelab, with a valuation of $17.25 million, is raising funds on Wefunder. The company has developed a concierge hormone health program to help people with hormonal imbalances. The platform offers self-assessment for patients to onboard, followed by an initial consult and a patent-pending blend of treatment protocols, nutraceuticals, and technology. Thrivelab is led by an experienced team and generated a 558% revenue growth in 2022. Joshua Host, Dr. Nayan Patel, Dr. Ryan Jones, and Rahula Kocher founded Thrivelab in July 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for increasing ad spending, launching new marketing channels, and IT team development.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$193,662

$0

COGS

$94,591

$1,410

Tax

$1,343

$1,234

 

 

Net Income

$-951,123

$-24,945

Summary Balance Sheet

FY 2021 FY 2020

Cash

$127,796

$74,833

Accounts Receivable

$0

$0

Total Assets

$176,300

$90,674

Short-Term Debt

$80,988

$0

Long-Term Debt

$900,000

$50,000

Total Liabilities

$980,988

$50,000

Financials as of: 01/31/2023
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Thrivelab on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $17,250,000

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