TriAgenics
Growth Stage
Imagine Eliminating Wisdom Teeth Extractions with a Non-Surgical Procedure!
Overview
Raised: $1,506,528
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/07/2023
Close Date
10/09/2023
Min. Goal
$15,000
Max. Goal
$4,000,002
Min. Investment
$300
Security Type
Equity - Preferred
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$3.00
Pre-Money Valuation
$33,867,972
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/28/2023
Days Remaining
11
% of Min. Goal
10,044%
% of Max. Goal
38%
Likelihood of Max
Avg. Daily Raise
$13,332
# of Investors
311
Momentum
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Year Founded
2013
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
High
Capital Intensity
High
TriAgenics, with a valuation of $33.87 million, is raising funds on StartEngine. The company has developed a Zero3 Tooth Bud Ablation technology to eliminate the need for wisdom teeth extractions. The Zero3 TBA technology of TriAgenics offers a high-precision and minimally invasive procedure that prevents the formation of wisdom teeth, thereby eliminating the need for extractions and the associated costs, pain, and recovery time. TriAgenics is in the pre-revenue stage and has completed pre-production prototype development. Leigh Colby founded TriAgenics in January 2013. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $4 million. The campaign proceeds will be used for the FDA clearance application, conducting human clinical trials, company employment, operations, and consulting services.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$859,420 |
$563,628 |
|
Tax |
$3,442 |
$3,376 |
| ||
| ||
|
Net Income |
$-1,433,220 |
$-1,062,543 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,458,412 |
$2,793,870 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,570,161 |
$2,980,140 |
|
Short-Term Debt |
$49,913 |
$47,364 |
|
Long-Term Debt |
$2,524 |
$4,476 |
|
Total Liabilities |
$52,437 |
$51,840 |
Financials as of: 06/07/2023
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