The Feel Good Lab
Early Stage
The Feel Good Lab is giving the OTC pain relief category a much-needed makeover. 1 out of 3 U.S. adults suffers from chronic pain without any healthy options to treat it, until now.
Overview
Raised: $630,878
Total Commitments ($USD)
Platform
Netcapital
Start Date
11/11/2020
Close Date
04/30/2021
Min. Goal
$10,000
Max. Goal
$869,999
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.05
Pre-Money Valuation
$9,082,500
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,733
Momentum
Funded
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Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
The Feel Good Lab, with a post-money valuation of $10.1 million, is raising funds on NetCapital. The company is revolutionizing the OTC pain relief category with its patented healthy pain relief products. The company removed all the toxic ingredients from pain relief medication and developed plant-based products, including healthy pain relief creams. Ryan Gresh, CJ Forse, and Kyle Fitzpatrick founded The Feel Good Lab in 2016. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $1,069,999, and the funds will be used for sales and marketing, hiring, inventory, R&D, and general and administrative expenses. The Feel Good Lab is backed by the University of Connecticut under the Technology Incubator Program.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$242,935 |
$185,157 |
|
COGS |
$123,251 |
$101,651 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-333,334 |
$-181,296 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$122,711 |
$158,217 |
|
Accounts Receivable |
$20,047 |
$0 |
|
Total Assets |
$259,290 |
$269,217 |
|
Short-Term Debt |
$112,969 |
$0 |
|
Long-Term Debt |
$512,031 |
$325,000 |
|
Total Liabilities |
$625,000 |
$325,000 |
Financials as of: 11/11/2020
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