TomBot
Robotic emotional support animals
Overview
Raised: $252,830
Total Commitments ($USD)
Platform
Republic
Start Date
09/28/2022
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
Early Bird Val. Cap
$14,800,000
Valuation Cap
$17,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,428
# of Investors
301
Momentum
Funded
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Year Founded
2017
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
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: 09/28/2022
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