TRAQ

Early Stage

Your next-generation fitness, health & wellness tracker. Own Your Health

Analytics

Raised to Date: Raised: $63,303

Aggregate Commitments $

Platform

StartEngine

Start Date

11/19/2021

Close Date

02/16/2022

Min. Goal

$9,998

Max. Goal

$535,000

Min. Investment

$362

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$33,620,132

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

73

% of Min. Goal

633%

% of Max. Goal

12%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,956

Momentum
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Location

Carlsbad, California

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

TRAQ, with a valuation of $33.6 million, is raising funds on StartEngine. The company has developed the next-generation health, fitness, and wellness tracker. The device uses saliva to measure specific and general health categories, including hydration, energy, fitness, sleep, heart health, and nutrition. TRAQ has been tested and validated both in the lab with three clinical trials and in the market at Tokyo Olympics, USA Cycling, and NCAA Programs. Dr. Joseph Wang and Dr. Patrick Mercier founded TRAQ in February 2016. The current crowdfunding campaign has a minimum target of $9,998.10 and a maximum target of $534,999.78. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$67,000

$0

COGS

$29,909

$0

Tax

$800

$800

 

 

Net Income

$-608,007

$-1,109,987

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$5,371

$104,443

Accounts Receivable

$0

$0

Total Assets

$39,130

$126,021

Short-Term Debt

$305,957

$1,017,035

Long-Term Debt

$36,288

$0

Total Liabilities

$342,245

$1,017,035

Financials as of: 11/19/2021
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TRAQ on StartEngine 2021
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $33,620,132

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