BackAlert

BackAlert

Closed: Feb. 2020

About this raise

BackAlert, with a valuation cap of $4 million, is raising funds on WeFunder. The company manages back pain of its customers through sensor-enabled physical therapy equipment. The solution offered by BackAlert also includes an interactive 21-day video system that focuses on strengthening, stretching, and massaging. BackAlert was founded by Doug Hoang in 2015 and has raised over $2.4 million since its founding. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $107,000, and the funds will be used for marketing and working capital for inventory. BackAlert has signed nine contracts in the past three months and expects to generate $160,000 in revenues. The company uses artificial intelligence and machine learning to create wellness experience.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
11/01/2019
Close Date
02/21/2020
Min. Goal
$50,000
Max Goal
$107,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,000,000

Discount

0%

Company & Team

Company

Year Founded
2015
Industry
Fitness & Wellness
Tech Sector
Location
Newport Beach, California
Company Website
Visit Website

Team

Employees
2

Funding data not publicly available

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/21/2020 Wefunder $3,000,000 $0 SAFE Not Funded RegCF
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BackAlert on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $3,000,000

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