TrioWave
Early Stage
We build biostimulation solutions for chronic pains
Overview
Raised: $72,422
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/02/2022
Close Date
04/08/2022
Min. Goal
$200,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$7,130,000
Valuation Cap
$7,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/07/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$1,132
Momentum
Not Funded
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Year Founded
2014
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
TrioWave, with a valuation of $7.5 million, is raising funds on Wefunder. The company builds bio-stimulation solutions for overcoming chronic pains. The products of TrioWave include its PainKARE series and FaceKARE series that target chronic pains from muscles, tendons, and nervous systems and face contour rebuild, respectively. Hardy Zhu founded TrioWave in February 2014. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, US manufacturing, operations, patent filings, and resource acquisition.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$6,540 |
$0 |
|
COGS |
$101 |
$10 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$402 |
$-4,534 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,282 |
$1,020 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,099,213 |
$2,079,708 |
|
Short-Term Debt |
$496 |
$3,765 |
|
Long-Term Debt |
$28,207 |
$8,035 |
|
Total Liabilities |
$28,703 |
$11,801 |
Financials as of: 02/02/2022
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