Evrmore

Evrmore

[Closed for Investment] Evrmore, with a $3 million valuation cap, is raising crowdfunding on Wefunder. The company has developed a digital wellness app using emotional artificial intelligence. It serves as the social and mentor network for underserved youth to speak their truth and stay on track. Ivy Mahscio founded Evrmore in November 2019. The current crowdfunding round of the company has a minimum goal of $100,000 and a maximum goal of $250,000. The funds will target the launch of the D2C app in the iOS app store, the development of the app for Apple Watch, the development of social analytics dashboard, and the development of Alexa Skills for the app. Evrmore has over 30,000 users and has reported a 583% user growth per month.

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Investment Overview

Raised this Round: Raised: $114,569

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
02/23/2021
Close Date
09/09/2021
Min. Goal
$100,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$2,082,500

Valuation Cap

$2,500,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Fitness & Wellness
Tech Sector
AutomationTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
New York, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Ivy Mahsciao
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$4,589
 Runway
3.3 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-55,071

$-4,000

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$14,929

$4,000

Accounts Receivable

$0

$0

Total Assets

$14,929

$4,000

Short-Term Debt

$3,000

$4,000

Long-Term Debt

$0

$0

Total Liabilities

$3,000

$4,000

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/09/2021 Wefunder $2,500,000 $114,569 SAFE Funded RegCF
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Evrmore on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $2,500,000

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