TomBot (2021)

About this raise

TomBot, with a pre-money valuation of $14.5 million, is raising crowdfunding on StartEngine. The company makes realistic robotic animals to help with the emotional attachment and other psychological needs of the elderly. It has created Jennie, an affordable alternative to expensive robopets. Tom Stevens, Hank Shorz, and Jesse Shorz founded TomBot in October 2017. The proceeds of the current crowdfunding round, with a minimum raise of $9,999.05 and a maximum raise of $4,999,999.30, for product engineering, hiring additional engineers, alpha production testing, and expansion. TomBot already has over 7,500 pre-orders and waitlist customers. The company aims to support people with anxiety, bipolar disorder, dementia, and PTSD who cannot care for live animals but yearn for one.

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Investment Overview

Invested this round: $571,520

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
05/04/2021
Close Date
11/02/2021
Min. Goal
$9,999
Max Goal
$4,999,999
Min. Investment

$250

Security Type

Equity - Preferred

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.55

Pre-Money Valuation

$14,491,624

Company & Team

Company

Year Founded
2017
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Santa Clarita, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Tom Stevens
Title
CEO
Founder Name
Hank Schorz
Title
CTO
Founder Name
Jesse Schorz
Title
COO

Financials

 Revenue
$0
 Monthly Burn
$29,320
 Runway
9.6 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-351,844

$-713,070

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$281,523

$204,474

Accounts Receivable

$0

$0

Total Assets

$319,977

$237,169

Short-Term Debt

$29,626

$40,825

Long-Term Debt

$67,551

$319,701

Total Liabilities

$97,177

$360,526

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/31/2025 PicMii $20,081,907 $438,204 Equity - Preferred Funded RegCF
03/24/2023 Republic $17,500,000 $252,830 SAFE Funded RegCF
11/02/2021 StartEngine $14,491,624 $571,520 Equity - Preferred Funded RegCF
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Growth Charts

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 StartEngine
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $14,491,624
Price per Share: $1.55

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