TruBrain

About this raise: TruBrain, with a valuation of $18.5 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company provides cognitive nutrition in the form of brain food containing CBD. The products of TruBrain are made with high-quality ingredients using their unique formulas and help improve the brain’s abilities and overcome mental blocks. TruBrain was found by Chris Thompson and has raised around $2.7 million in previous rounds of funding. The current crowdfunding round has no minimum target of and a maximum target of $3,950,000, and the proceeds will be used towards marketing, R&D, production, intellectual property, and working capital. TruBrain achieved profitability in 2019 and has reported $14 million in lifetime sales.


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Investment Overview

Invested this round: $634,561

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
03/31/2021
Close Date
03/31/2022
Min. Goal
$473
Max. Goal
$9,315,000
Min. Investment

$473

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$0.36

Pre-Money Valuation

$18,500,000

Company & Team

Company

Year Founded
2012
Industry
Fitness & Wellness
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Santa Monica, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Christopher Thompson
Title
CEO

Financials

 Revenue
$1,942,633
 Monthly Burn
Profitable
 Cash on Hand
$783,147
View Detailed Financials Expand

Balance Sheet

Cash and Cash Equivalents

$783,147

Investment Securities

$0

Accounts and Notes Receivable

$0

Property, Plant and Equipment (PP&E)

$0
Total Assets

$1,142,520

Accounts Payable & Accrued Liabilities

$181,759

Long Term Debt

$0

Total Liabilities

$1,384,341

Total Stockholders' Equity

$-241,821
Total Liabilities and Equity

$1,142,520

Statement of Comprehensive Income Information

Total Revenues

$1,942,633

Costs & Expenses Applicable to Rev

$886,539

Depreciation and Amortization

$0
Net Income

$17,811

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00
Auditor: dbbmckennon
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,700,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/14/2023 StartEngine $24,300,000 $1,629,006 Equity - Common Funded RegA+
03/31/2022 StartEngine $18,500,000 $634,561 Equity - Common Funded RegA+
12/27/2019 StartEngine $19,000,000 $1,070,029 Equity - Common 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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TruBrain on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $18,500,000
Price per Share: $0.36

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Warning: according to the close date for this deal, TruBrain may no longer be accepting investments.

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