Turn Therapeutics

Turn Therapeutics

Turn Therapeutics, with a valuation of $123.6 million, is raising funds on StartEngine. It is a pharmaceutical and medical device company known for its flagship formula, Hexagen Wound Dressing. Turn Therapeutics’ formula targets dermatological ailments, including moderate to severe eczema and toenail fungus, and has FDA marketing approvals in advanced wound and dermatitis management. The company has also developed its PermaFusion technology by fusing oil and water-soluble active ingredients to revolutionize drug delivery and is backed by three FDA clearances. Bradley Burnam founded Turn Therapeutics in January 2015. The current crowdfunding campaign has a minimum target of $14,990.94 and a maximum target of $4.1 million. The campaign proceeds will be used for company employment, working capital, and research and development.

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Investment Overview

Raised this Round: Raised: $1,321,309

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
10/23/2024
Close Date
01/20/2025
Min. Goal
$14,991
Max. Goal
$4,073,698
Min. Investment

$248

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$9.18

Pre-Money Valuation

$123,605,918

Company & Team

Company

Year Founded
2015
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Westlake Village, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Bradley Burnam
Title
CEO

Financials

as of April 21, 2024
 Revenue
$0
 Monthly Burn
$75,000
 Runway
10.7 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-3,075,493

$-4,286,851

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,180,996

$2,102,983

Accounts Receivable

$0

$0

Total Assets

$1,931,541

$2,913,411

Short-Term Debt

$1,928,063

$1,724,014

Long-Term Debt

$0

$34,203

Total Liabilities

$1,928,063

$1,758,217

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$13,300,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/20/2025 StartEngine $123,605,918 $1,321,309 Equity - Common Active RegCF
10/21/2024 StartEngine $122,527,672 $927,204 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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Turn Therapeutics on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $123,605,918
Price per Share: $9.18

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