About this raise

TruBrain, with a valuation of $24.3 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 achieved profitability in 2019 and has reported $17 million in lifetime sales. Chris Thompson founded TruBrain in 2012. The current crowdfunding campaign has a maximum target of $9,315,000. The campaign proceeds will be used for research and development, sales and marketing, capital expenses, and general and administrative expenses.

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Investment Overview

Invested this round: $1,629,006

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
06/15/2022
Close Date
Not Provided
Min. Goal
$473
Max Goal
$9,315,000
Min. Investment

$473

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$0.43

Pre-Money Valuation

$24,300,000

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
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Christopher Thompson
Title
CEO

Financials

 Revenue +34% YoY
$2,139,169
 Monthly Burn
Profitable
 Cash on Hand
$1,284,276

Balance Sheet

Cash and Cash Equivalents

$1,284,276

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$1,583,825

Accounts Payable & Accrued Liabilities

$74,037

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$113,859

Total Liabilities

$1,374,042

Total Stockholders' Equity

$209,783

Total Liabilities and Equity

$1,583,825

Statement of Comprehensive Income Information

Total Revenues

$2,139,169

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$959,151

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$73,257

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: Fruci & Associates II, PLLC
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$3,800,000
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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Add to portfolio
TruBrain on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $24,300,000
Price per Share: $0.43

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