Neurotez

Deal To Watch
BETA

Neurotez Inc. is developing a drug to treat Leptin deficiency in Alzheimer’s patients.

Analytics

Raised to Date: $207,680

Aggregate Commitments $
Platform

Netcapital

Start Date

08/19/2019

Close Date

10/22/2020

Min. Goal

$10,000

Max. Goal

$500,000

Min. Investment

$2

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$21,959,058

Weekly Commitments $
Status

Active

Reporting Date

10/18/2020

Days Remaining

3

% of Min. Goal

2,077%

% of Max. Goal

42%

Likelihood of Max
Avg. Daily Raise

$488

Momentum
Location
Industry

Healthcare & Pharmaceuticals

Tech Sector

Biotech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Growth

Neurotez, with a post-money valuation of $22.5 million, is raising funds on NetCapital. The company is developing a hormone replacement therapy named Memtin to treat Leptin deficiency in Alzheimer’s patients. The drug will help slow down the cognitive decline in Alzheimer’s patients and other forms of dementia. Neurotez is led by Nikolaos Tezapsidis as the President and CEO, and Wes Ashford as the Chief Medical Officer. The company has already raised $4.5 million in funding from the National Institute of Health, IRS, and New Jersey Commission of Science and Technology. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $500,000, and the proceeds will be used for the various studies, clinical trials, manufacturing, personnel costs, and debt repayment. Neurotez has already received many rewards and recognitions and is backed by an excellent team of experts.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-317,211

$-134,154

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$7,533

$302

Accounts Receivable

$0

$0

Total Assets

$206,070

$221,123

Short-Term Debt

$40,162

$23,336

Long-Term Debt

$26,000

$0

Total Liabilities

$66,162

$43,336

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
10/22/2020 Netcapital $21,959,058 $207,680 Equity - Common Active RegCF
02/26/2018 Netcapital $0 $95,809 Equity - Common Confirmed Closed RegCF

Ratings

last updated 10/18/2020

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Analyst Report

Deal To Watch
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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