Zeen by Exokinetics

Zeen by Exokinetics

Closed: Jan. 2023

About this raise

Zeen by Exokinetics, with a valuation of $25 million, is raising funds on SeedInvest. It is a new mobility device for those battling age, injury, and disease to enjoyably bridge sitting, standing, walking, and coasting. Zeen can lift patients up to a standing position and become a fast and safe way to move around or relax at a sociable height. Zeen by Exokinetics works on patented and differentiated technology and has received pre-orders surpassing the current manufacturing capabilities. Garrett Brown founded Zeen by Exokinetics in July 2016. The current crowdfunding campaign has a minimum RegCF target of $25,000, a minimum raise target of $1.9 million, and a maximum target of $5 million. The campaign proceeds will be used for inventory, payroll and planned hires, sales and marketing, product development, and general operations.

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Investment Overview

Not Funded:
$118,945 - RegCF
$218,944 - Total

Deal Terms

Total Commitments

Platform
SeedInvest
Start Date
09/26/2022
Close Date
01/31/2023
Min. Goal
$25,000
Max Goal
$5,000,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Company Stage

Growth Stage

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$1.21

Pre-Money Valuation

$25,000,000

Company & Team

Company

Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
West Chester, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Garrett Brown
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$188,521
 Runway
3.2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,262,253

$-1,628,356

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$594,820

$2,894,127

Accounts Receivable

$0

$0

Total Assets

$2,458,483

$3,667,223

Short-Term Debt

$107,749

$49,534

Long-Term Debt

$1,164,761

$111,249

Total Liabilities

$1,272,510

$160,783

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$7,950,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/31/2023 SeedInvest $25,000,000 $218,944 Equity - Preferred Not Funded RegCF / RegD 506(c)
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Add to portfolio
Zeen by Exokinetics on SeedInvest 2022
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $25,000,000
Price per Share: $1.21

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Follow Zeen by Exokinetics on SeedInvest 2022

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

Zeen by Exokinetics Deal Report

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