Evrmore
Early Stage
1st Mover Digital Wellness App Using Emotion AI for Underserved Youth
Analytics
Raised: $114,569
Aggregate Commitments $
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
Funding Type
RegCF
Series
Seed
Valuation Cap
$2,500,000
Discount Rate
20%
Rolling Commitments $
Status
Funded
Reporting Date
09/30/2021
Days Remaining
Funded
% of Min. Goal
115%
% of Max. Goal
46%
Likelihood of Max
Funded
Avg. Daily Raise
$579
Momentum
Funded
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Location
New York, New York
Industry
Fitness & Wellness
Tech Sector
AutomationTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 02/23/2021
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