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Sollievo Pharmaceuticals

Operating

Sollievo Pharmaceuticals, Inc

Healthcare · San Juan Capistrano, CA · Founded 2018

Seeking to improve safety for healthcare staff with our first product, Proviza

Post-money valuation ⓘ
$20.0M
As of Dec 2022 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$37,982
Across 1 round since 2022
Latest share price
$2.00
Reg CF · Common Stock · Aug 2022 offering price

Financials

FY2020–FY2023 · from SEC filings · hover any figure for its source
$0
−$1.2M
2020
$0
−$189K
2021
$0
−$240K
2022
$0
−$76K
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed
FY2021 reviewed
FY2022 unaudited
FY2023 unaudited
Income statement
Revenue
$0
$0
$0
$0
Cost of goods sold
$0
$0
$0
$0
Net income
-$1,164,009
-$189,478
-$239,558
-$75,851
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$1,157
$153
$60
$60
Accounts receivable
$0
$0
$0
$0
Total assets
$1,157
$153
$89
$60
Short-term debt
$655,821
$772,225
$734,612
$736,824
Long-term debt
$1,180,819
$1,252,890
$1,477,833
$1,524,838
Total liabilities
$1,836,640
$2,025,115
$2,212,445
$2,261,662
Other
Headcount
—
1
1
1

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
$20.0M
pre-money
Reg CF · Common · Aug 2022

Blue bars are the pre-money valuation the company stated for a priced round.

Fundraising history

Raised $38K / $1.1MInvestors 42Post-money $20M

Team

4 people
Robert Schultz, Ph.D.Founder
President and CEO, Director

Dr. Schultz has held progressively significant responsibilities in both scientific and executive management positions during his 40-year career in the pharmaceutical and medical device industries. His development and commercial experience range from oral, inhalation, and liquid dosage forms. As President of REVA Medical, he lead the company to the approval of Fantom, the first fully radiopaque drug-eluting bioresorbable coronary scaffold. His expertise in developing combination products, and proven ability to lead internal and external resources in the startup environment provides Sollievo with the practical and strategic leadership it needs to navigate the drug development and commercial processes.

Robert Schultz
CEO, President, Sole Director CFO/Principal Accounting Officer
Peter Schineller
Commercial Strategic Advisor

During his 35-year career, Mr. Schineller has held executive positions, CMO, SVP, and CCO at major pharmaceutical companies, including Novartis, Abbott, and Pfizer. He co-founded Veras Pharmaceuticals where he was the CCO. Novartis acquired the Veras product line. Mr. Schineller's success in commercializing drug products makes him an ideal advisor to guide the company's marketing and commercial launch strategies to ensure the successful uptake of its lead product Proviza. With Sollievo, Peter works on average 1 hour per week and on an as-needed basis.

Steve King, BPharm
Business Development

Experienced Senior Manager with a 30-year history of working in the Pharmaceutical industry. Strong professional skills in Business Development, Alliance Management, Licensing, CMC Outsourcing, Biotechnology, Drug Development, and Pharmaceutical Project Management. Steve is responsible for identifying, sourcing, and contract negotiations with potential manufacturing partners and suppliers. Steve has been working with Sollievo for the past year

Names and titles as disclosed on 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 requiredFewer than 300 holders of record

Filed 2 of 4 annual reports (FY2022–FY2025)

42 investors
holder-count proxy

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

SEC filings

  • Form C-ARApr 16, 20240001665160-24-000360
    EDGAR
  • Form C-ARApr 24, 20230001665160-23-000725
    EDGAR
  • Form C-UDec 20, 20220001665160-22-003099
    EDGAR
  • Form C/ANov 15, 20220001665160-22-002919
    EDGAR
  • Form C/AOct 18, 20220001665160-22-002779
    EDGAR
  • Form CAug 4, 20220001665160-22-002162
    EDGAR
Source: ManualCIK 0001940381CAShare price $2.00

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.