BlackFULLness

BlackFULLness

Closed: Feb. 2023

About this raise

BlackFULLness, with a valuation of $2.5 million, is raising funds on Wefunder. The company has developed an app for stress reduction and healing justice through mindfulness. The app has been developed for and by Black people to ease their anger and anxiety, reduce stress, and provide holistic fortitude. BlackFULLness is a unique lens of a culturally relevant mindfulness media company and has award-winning app content. Sonia Russell and David L. Walker Jr. founded BlackFULLness in November 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for development, engineering, marketing, and talent acquisition.

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Investment Overview

Invested this round: $69,058

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
08/29/2022
Close Date
02/03/2023
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$2,000,000

Valuation Cap

$2,500,000

Discount

20%

Company & Team

Company

Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Oakland, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Sonia Russell
Title
CEO
Founder Name
David Walker Jr.
Title
Chief Strategy Officer

Financials

 Revenue
$0
 Monthly Burn
$1,391
 Runway
2.4 months
Gross Margin
51%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,057

$0

COGS

$1,000

$0

Tax

$1,250

$0

 

 

Net Income

$-16,690

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,378

$4,300

Accounts Receivable

$0

$0

Total Assets

$6,639

$4,300

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/03/2023 Wefunder $2,500,000 $69,058 SAFE Funded RegCF
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Add to portfolio
BlackFULLness on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $2,500,000

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Follow BlackFULLness on Wefunder 2022

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Warning: according to the close date for this deal, BlackFULLness may no longer be accepting investments.

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