FLUUX
Early Stage
A revolutionary smartphone accessory that empowers users to quit vaping
Overview
Raised: $0
Total Commitments ($USD)
Platform
SeedInvest
Start Date
03/17/2020
Close Date
05/04/2020
Min. Goal
$25,000
Max. Goal
$750,000
Min. Investment
$1,000
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Valuation Cap
$2,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
05/02/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
High
Capital Intensity
High
FLUUX, with a valuation cap of $2 million, is raising funds on SeedInvest. The company has created a smartphone accessory that uses technology, analytics, and medical expertise to empower vape users to quit vaping. The smartphone battery case can store and charge a JUUL and gets paired with the FLUUX mobile app to keep track of users’ vaping usage with detailed analytics. FLUUX was founded by Chadwick Manning, Colin Barceloux, and Himanshu Shah in 2019. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $750,000, and the funds will be used towards marketing and advertising, new product development, operations, and salaries. FLUUX has a paid pilot with Japanese Tobacco International to make a FLUUX case for the corporation’s Logic Vaporizer.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$11,163 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-140,886 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$38,405 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$38,760 |
$0 |
|
Short-Term Debt |
$-196 |
$0 |
|
Long-Term Debt |
$179,242 |
$0 |
|
Total Liabilities |
$179,046 |
$0 |
Financials as of: 03/17/2020
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