OTIS Dental

Neutral
BETA

Providing an easy and affordable way to combat life's daily grind.

Analytics

Raised to Date: $45,175

Aggregate Commitments $
Platform

Republic

Start Date

10/13/2020

Close Date

02/15/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$150

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$8,000,000

Discount Rate

10%

Weekly Commitments $
Status

Active

Reporting Date

11/25/2020

Days Remaining

78

% of Min. Goal

181%

% of Max. Goal

4%

Likelihood of Max
Avg. Daily Raise

$1,051

# of Investors

124

Momentum
Location

San Francisco, CA

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

OTIS Dental, with an $8 million valuation cap, is raising crowdfunding on Republic. The company makes custom night guards for democratizing dentistry. The night guards make dental care easy and affordable and use the same material and methods as licensed dental providers. Andrew Lee founded OTIS Dental in March 2017 and has raised over $250,000 since its inception. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to launch subscription plans, launch multichannel marketing, expand operations, and create brick and mortar locations in major cities. OTIS Dental has retail partnerships with Walgreens and Target and has received validation from UCSF and the US Department of Veterans Affairs medical center.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$8,786

$11,885

COGS

$1,470

$2,209

Tax

$0

$0

 

 

Net Income

$-83,942

$-22,567

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$26

$905

Accounts Receivable

$0

$0

Total Assets

$25,278

$2,479

Short-Term Debt

$58,399

$54,105

Long-Term Debt

$127,665

$0

Total Liabilities

$186,064

$79,323

Ratings

last updated 11/29/2020

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Analyst Report

Neutral
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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