Zeen by Exokinetics
Growth Stage
Innovative mobility devices for those facing restrictions due to age or disability
Overview
$118,945 - RegCF
$218,944 - Total
$218,944 - Total
Total Commitments ($USD)
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
Series
Series B
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$1.21
Pre-Money Valuation
$25,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/05/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$937
Momentum
Not Funded
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Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
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.
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 |
Financials as of: 09/26/2022
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