Trusst
Early Stage
The mental healthcare system is broken. Trusst is how we start fixing it.
Overview
Raised: $105,839
Total Commitments ($USD)
Platform
Republic
Start Date
12/20/2020
Close Date
04/15/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$6,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$920
# of Investors
347
Momentum
Funded
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Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Trusst, with a $6M valuation cap, is raising funds on Republic. The company has assembled national experts on messaging-based therapy to deliver an empirically-validated, HIPAA-compliant app that solves the scalability and affordability crisis in mental health care. Bill Hudenko, Ph.D. and David Allen, M.B.A. founded Trusst in February, 2019. Trusst is raising a crowdfunding round with a minimum goal of $25,000 and a maximum goal of $1,070,000. The Trusst app offers a tiered care model that is personalized and affordable.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$9,545 |
$0 |
|
COGS |
$4,558 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-243,665 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$57,158 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$115,343 |
$0 |
|
Short-Term Debt |
$35,032 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$35,032 |
$0 |
Financials as of: 12/20/2020
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