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FISHER WALLACE LABORATORIES

Raising nowOperating

Fisher Wallace Laboratories, Inc.

Healthcare · Brooklyn, NY · Founded 2019

Medical Devices for Mood and Sleep

Raising nowRaising now on DealMaker

This company has an open fundraising round.

$0 raised0 investors43 days left
View the live round
Post-money valuation ⓘ
$122.3M
As of Oct 2026 · from Reg CF Offering (20261007) · pre-money + amount raised, not a traded price
Total raised
$16,913,178
Crowd $11.5M · Private $5.4M · 25 rounds since 2019
Latest share price
$11.38
Reg CF · Common Stock · Oct 2026 offering price

Financials

FY2017–FY2025 · from SEC filings · hover any figure for its source
$4.7M
$200K
2018
$3.9M
−$543K
2019
$4.3M
−$1.8M
2020
$4.2M
−$3.3M
2021
$4.7M
−$7.1M
2022
$4.7M
−$7.1M
2023
$47K
−$1.6M
2024
$34K
−$1.4M
2025
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 1 earlier year is in the table below.

Metric
FY2017 reviewed*
FY2018 audited
FY2019 audited
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$4,653,739
$4,717,684
$3,864,706
$4,250,866
$4,230,290
$4,739,387
$4,739,387
$47,412
$34,261
Cost of goods sold
$1,209,467
$1,082,135
$947,495
-$970,761
$623,703
$1,096,113
$1,096,113
$3,012
$5,049
Gross margin
74%
77%
75%
77%
85%
77%
77%
94%
85%
Net income
$414,419
$200,325
-$543,056
-$1,823,732
-$3,262,291
-$7,073,744
-$7,073,744
-$1,579,900
-$1,447,538
Taxes paid
$0
$0
$0
$1,597
$250
$0
$0
$0
$0
Balance sheet
Cash
$333,608
$159,577
$339,584
$695,749
$1,929,380
$128,229
$128,229
$41,626
$48,142
Accounts receivable
$0
$6,658
$30,560
$2,302
$0
$0
$0
$0
$0
Total assets
$341,987
$186,410
$390,878
$853,359
$1,999,403
$439,495
$439,495
$154,382
$144,634
Short-term debt
$556,805
$328,510
$0
$1,094,023
$966,198
$0
$427,470
$596,721
$591,311
Long-term debt
$126,525
$0
$625,525
$620,416
$576,525
$0
$1,083,664
$925,582
$693,612
Total liabilities
$683,330
$328,510
$737,679
$1,714,439
$1,542,723
$4,664,010
$4,089,159
$1,522,303
$1,284,923
Other
Headcount
—
8
8
6
12
12
3
2
3

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$15.0M
pre-money
$1.6M
est. pre-money
$19.7M
est. pre-money
$80.0M
pre-money
$81.2M
pre-money
$40.0M
pre-money
$81.6M
pre-money
$100.3M
pre-money
$100.3M
pre-money
$102.2M
pre-money
$102.7M
pre-money
$104.1M
pre-money
$106.0M
pre-money
$106.7M
pre-money
$108.3M
pre-money
$108.8M
pre-money
$115.2M
pre-money
$120.0M
pre-money
$120.5M
pre-money
$120.5M
pre-money
$122.3M
pre-money
Reg CF · Common · Oct 2019
Section 4(a)(2) · Preferred · Dec 2021
Private · Series Seed Preferred · Dec 2021
Reg CF · Common · Mar 2022
Reg CF · Common · Aug 2022
Reg A+ · Equity · May 2020
Reg CF · Common · Sep 2022
Reg CF · Mar 2023
Reg A+ · Equity · Jan 2023
Reg CF · Common · Nov 2023
Reg CF · Common · Jan 2024
Reg CF · Common · Mar 2024
Reg CF · Common · Jun 2024
Reg CF · Common · Sep 2024
Reg CF · Common · Dec 2024
Reg CF · Note · Feb 2025
Reg CF · Common · Oct 2025
Reg CF · Common · Nov 2025
Reg CF · Common · Jan 2026
Reg CF · Common · Apr 2026
Reg CF · Common · Oct 2026

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

log scale
$11.38$0.0337$0.0001
Sep 2019Oct 2026
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines, and each class is drawn as its own line.

Cap table

Share counts as of Dec 31, 2025

These classes don't convert into each other and last sold at very different prices, so their share counts can't be added up into ownership percentages. Compare them by price instead.

ClassOutstandingVotes / shareVotesLiquidationLast price
Series Seed Preferred Stockpreferred933,727—10.6%1× non-participating · paid 1st$2.74Dec 2021
common stock(as of Dec 31, 2024)1,940,430—21.9%paid 2nd—
Class A Common Stock(as of Dec 31, 2024)5,971,315—67.5%—$0.0001Sep 2019
Class B Shares(as of Dec 31, 2024)1,940,430none0%—$11.38Oct 2026

Principal holders% as the filing states it, Apr 30, 2026

  • Charles A. Fisher3,722,193 Class A Shares53.3%of Class A

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $0 / $3.9MInvestors 0Post-money $122.3M
Raised $458.4K / $4.4MPost-money $120.5M
Raised $130.1K / $2.6MPost-money $120.6M
Raised $195.5K / $2.6MInvestors 158Post-money $120.2M
Raised $228.3K / $900KInvestors 218Post-money $115.4M
Raised $203.3K / $517.5KInvestors 133Post-money $109M
Raised $217.4KInvestors 222Post-money $108.5M
Raised $281.3KPost-money $107M
Raised $237.7KPost-money $106.2M
Raised $405.9KPost-money $104.5M
Raised $469.1KPost-money $103.1M
Raised $536.3KPost-money $102.7M
Reg A+ · Equity · Jan 2023Closedvia StartEngine
Raised $475.3K / $10MInvestors 474Post-money $100.8M
Reg CF · Mar 2023Closedvia StartEngine
Raised $11.7KPost-money $100.3M
Raised $883.8K / $1.8MInvestors 621Post-money $82.6M
Reg A+ · Equity · May 2020Closedvia StartEngine
Raised $4.7M / $10MInvestors 2,776Post-money $44.7M
Raised $181.5K / $1MInvestors 273Post-money $81.6M
Raised $250KInvestors 1
Raised $837.4K / $1.9MInvestors 702Post-money $81.3M
Raised $2.5MEst. pre-money $19.7M
Raised $2.5MEst. pre-money $1.6M
Raised $1.1M / $1.1MInvestors 1,479Post-money $16.1M

Team

3 people
Charles "Chip" Fisher
Co-Founder & Chairman & Director

Charles “Chip” Fisher grew up in the electronics business - his father, Avery Fisher, founded Fisher Radio (later renamed Fisher Electronics). After graduating from Harvard and serving as a sales executive at IBM, Chip acquired the original intellectual property to the Fisher Wallace Stimulator and is the company’s CFO and largest shareholder - and a recent TEDx contributor.

Kelly Roman
Co-Founder, CEO, and Director

For more than a decade, Kelly Roman has helped pioneer the prescription wearable category and has expertise in product development, regulatory affairs, healthcare marketing and clinical trial strategy. Prior to co-founding Fisher Wallace, Kelly graduated from Harvard and served as an award-winning executive in the digital advertising and SaaS industries. He recently served on the boards of two charter high schools in New York City.

Simon Webster
Board Member

Simon is CEO of SHUFL Capital, the venture capital firm that recently invested in Fisher Wallace Laboratories. Simon's early career was spent in the UK financial services sector leading business change, delivering technology transformations and supporting M&A transactions. He led CPA Global on its 20 year journey from a £50m business to its recent public market entry at a value of £6.5bn. Simon has been investing in and working with founders of growth businesses in the SHUFL sectors since 2010.

Names and titles as disclosed on SEC Form 1-A, StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 7 of 7 annual reports (FY2019–FY2025)

2,776 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form COct 7, 20260001787792-26-000016
    EDGAR
  • Form C-UOct 6, 20260001787792-26-000015
    EDGAR
  • Form 1-SASep 28, 20260001787792-26-000014
    EDGAR
  • Form C-USep 21, 20260001787792-26-000013
    EDGAR
  • Form C/AJul 16, 20260001787792-26-000011
    EDGAR
  • Form C/AMay 22, 20260001787792-26-000009
    EDGAR
  • Form C-ARApr 30, 20260001787792-26-000006
    EDGAR
  • Form C-AR/AApr 30, 20260001787792-26-000007
    EDGAR
Source: ManualCIK 0001787792DEShare price $11.38

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.