The Feel Good Lab

Neutral
BETA

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.

Analytics

Raised to Date: $529,156

Aggregate Commitments $
Platform

Netcapital

Start Date

11/12/2020

Close Date

03/01/2021

Min. Goal

$10,000

Max. Goal

$869,999

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$9,082,500

Weekly Commitments $
Status

Active

Reporting Date

02/24/2021

Days Remaining

2

% of Min. Goal

5,292%

% of Max. Goal

61%

Likelihood of Max
Avg. Daily Raise

$5,088

Momentum
Location

Farmington, Connecticut

Industry

Healthcare & Pharmaceuticals

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

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

$0

Total Liabilities

$625,000

$325,000

Ratings

last updated 02/25/2021

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