Vast Therapeutics

Vast Therapeutics

Vast Therapeutics, with a valuation of $49.85 million, is raising funds on StartEngine. It is a life sciences company focused on improving the lives of the patients with chronic respiratory diseases. Vast Therapeutics has recently received the FDA clearance for Phase 1 clinical trials for its lead product candidate, ALX1, which aims to address inflammation and infection with a dual-action approach. The company is led by an experienced team and is well positioned to address significant unmet medical needs. Nate Stasko founded Vast Therapeutics in April 2017. The current crowdfunding campaign has a minimum target of $123,999.20 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, company employment, and working capital.

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Investment Overview

Raised this Round: Raised: $194,540

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
11/20/2024
Close Date
02/17/2025
Min. Goal
$123,999
Max. Goal
$1,235,000
Min. Investment

$468

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.04

Pre-Money Valuation

$49,849,620

Company & Team

Company

Year Founded
2017
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Location
Morrisville, North Carolina
Company Website
Visit Website

Team

Employees
8

Financials

as of Fiscal Year 2023
 Revenue
$737,317
 Monthly Burn
$628,063
 Runway
0.2 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$737,317

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-7,536,758

$-6,326,741

Summary Balance Sheet

FY 2023 FY 2022

Cash

$98,317

$72,331

Accounts Receivable

$141,320

$0

Total Assets

$44,528,729

$46,919,554

Short-Term Debt

$1,806,998

$236,746

Long-Term Debt

$9,958,976

$6,822,479

Total Liabilities

$11,765,974

$7,059,225

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/17/2025 StartEngine $49,849,620 $194,540 Equity - Preferred Active RegCF
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Vast Therapeutics on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $49,849,620
Price per Share: $1.04

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