BackAlert
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.
Investment Overview
Not Funded: $0
Deal Terms
Company & Team
Company
- Year Founded
- 2015
- Industry
- Fitness & Wellness
- Tech Sector
- Location
- Newport Beach, California
- Company Website
-
Visit Website
Team
- Employees
- 2
Financials
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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 |