Investing carries serious risks, including partial or total loss of capital. Please read the Information Note and the Risk factors and login before investing.

Cole Pharmaceuticals 1A

Sustainable Development Tax Shelter
Equity Belgium 118 investors
Improving peoples' lives by redefining Vitamin D treatments
Information Note Terms & Conditions
€1,100,000
Pre money valuation
33.7%
Equity offered
€156,900
Amount raised
€225,000
Committed by co-investors
3 days
Remaining
€50,000
Minimum target
314% funded

Revenue drivers: The revenue estimates are based on Cole Pharma current sales funnel with international partners and a direct presence on the Belgium territory. Cole Pharma’s product margins vary between 46% up to north of 60% and prices were determined based on a double analysis of cost of goods (CoGs) and market prices which were reconciled. For the first three years, sales to partners start with vitamin D food supplements. The launch of drugs starts mid-year 3 onwards. The IRR is over 50%. It is related on valuing the company based on sales.

Cost drivers: In addition to the cost of outsourced production (CoGs), the other costs will be the marketing and sales costs related to marketing the products in Belgium and supporting partners abroad. The second cost item is R&D, which covers regulatory affairs and new product development. G&As are costs related to support functions and services such as legal fees, insurance, travel and rent office.

Please note that at present the Company has losses to an extent that its net assets have dropped to less than half of its equity or lower than the legal minimum as per the applicable laws (alarmbell procedure). However, this is not uncommon for young companies.

TAX SHELTER 45%

This business qualifies for the startup tax shelter. If you meet the conditions, 45% of your investment will be reducted from your personal income taxes. Read more…
Please note €101,200 remains available for Tax Shelter investments.

Raise summary

Crowd investments €156,900
Committed by co-investors €225,000
Amount raised €381,900
Min. total fundraising €300,000
Max. total fundraising €560,000
Pre-money valuation €1,100,000
Post-money valuation min. €1,400,000
Post-money valuation max. €1,660,000