TomBot

TomBot

Early Stage

Robotic emotional support animals

Robotic emotional support animals

Overview

Raised this Round: Raised: $252,830

Total Commitments ($USD)

Platform

Republic

Start Date

09/27/2022

Close Date

03/24/2023

Min. Goal
$25,000
Max. Goal
$500,000
Min. Investment

$249

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$14,800,000

Valuation Cap

$17,500,000

Discount

0%

Year Founded

2017

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Santa Clarita, California

Business Type

Growth

TomBot, with a valuation of $17.5 million, is raising funds on Republic. The company has designed and created a lifelike robotic dog for mental health treatment. The robotic dog offers safe and joyful companionship to people struggling with dementia, autism, and depression and aims to treat the symptoms of these mental health illnesses. TomBot has harnessed Hollywood magic to bring its invention to life and is collaborating with Jim Henson’s Creature Shop of Muppets and Dark Crystal fame. Tom Stevens, Hank Schorz, and Jesse Schorz founded TomBot in October 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $500,000. The campaign proceeds will be used to increase engineering staff, perform Alpha and Beta product testing and certifications, fulfill customer orders, and begin the development of new products.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$1,900

$0

 

 

Net Income

$-1,967,693

$-351,844

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,322,349

$281,523

Accounts Receivable

$0

$0

Total Assets

$1,379,541

$319,977

Short-Term Debt

$4,001,244

$29,626

Long-Term Debt

$49,889

$67,551

Total Liabilities

$4,051,133

$97,177

Financials as of: 09/27/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
TomBot 03/23/2023 Republic $17,500,000 $252,830 SAFE Funded RegCF
TomBot 11/01/2021 StartEngine $14,491,624 $571,520 Equity - Preferred Funded RegCF
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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

Price per Share History

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

Employee History

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TomBot on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $17,500,000

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