SunState Laboratories

Deal To Watch
BETA

DAZZ Cleaning Tablets – Save Money, Plastic, and the Earth

Analytics

Raised to Date: $1,069,998

Aggregate Commitments $
Platform

Wefunder

Start Date

02/24/2020

Close Date

07/03/2020

Min. Goal

$100,003

Max. Goal

$1,069,998

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$5,000,000

Weekly Commitments $
Status
Funded
Reporting Date

08/02/2020

Days Remaining
Funded
% of Min. Goal

1,070%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$8,231

# of Investors

1,680

Momentum
Funded
Location
Industry

Consumer Products, Goods & Services

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

SunState Laboratories, with a pre-money valuation of $5 million, is raising crowdfunding on WeFunder. It is a disruptive brand changing the household cleaner industry. SunState Laboratories develops sustainable cleaning products in the form of effervescent tablets, DAZZ. Consumers can make their own household cleaner by mixing DAZZ with plain tap water. SunState Laboratories was founded by David Shahan in 2012. The current crowdfunding round has a minimum raise of $100,003 and a maximum raise of $1,069,998, and the proceeds will be used towards operational expenses, digital marketing campaigns, new manufacturing equipment, new compostable retail packaging, and website refresh. SunState Laboratories has received several awards for its products and sold over 12,000 units in 11 minutes on the Home Shopping Network.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$10,623

$16,491

COGS

$23,848

$4,617

Tax

$0

$0

 

 

Net Income

$-40,562

$-21,619

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$6,271

$14,233

Accounts Receivable

$0

$0

Total Assets

$72,262

$108,517

Short-Term Debt

$3,460

$571

Long-Term Debt

$0

$0

Total Liabilities

$3,460

$571

Ratings

last updated 08/23/2020

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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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