Arcade Therapeutics

Arcade Therapeutics

Early Stage

Evidence-backed therapeutic games to treat anxiety, depression and addiction

Evidence-backed therapeutic games to treat anxiety, depression and addiction

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/06/2024

Close Date

11/30/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$10,000,000

Valuation Cap

$12,500,000

Discount

20%

Year Founded

2019

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B2C

Margin

High

Capital Intensity

Low

Location

New York, New York

Business Type

High Growth

Arcade Therapeutics, with a valuation of $12.5 million, is raising funds on Wefunder. The company is revolutionizing the therapeutic gaming industry with its evidence-backed games to treat depression, anxiety, and addiction. Arcade Therapeutics makes clinically effective and accessible game-based treatments, with their effectiveness supported by rigorous scientific evidence. The company recently conducted an FDA-reviewed trial for its anxiety game, and 90% of the people saw a significant reduction in their symptoms in 30 days. Raj Amin and Tracy Dennis-Tiwary founded Arcade Therapeutics in September 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for continued game and platform improvements, sales and marketing, and operations costs.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,183,271

$-1,017,002

Summary Balance Sheet

FY 2023 FY 2022

Cash

$36,510

$438,634

Accounts Receivable

$0

$0

Total Assets

$46,510

$450,073

Short-Term Debt

$313,466

$93,759

Long-Term Debt

$1,830,000

$1,270,000

Total Liabilities

$2,143,466

$1,363,759

Financials as of: 08/06/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Arcade Therapeutics 11/30/2024 Wefunder $12,500,000 $0 SAFE Active RegCF

No prior online funding rounds.

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Arcade Therapeutics on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $12,500,000

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