Eyedaptic

Eyedaptic

Early Stage

Augmented Reality Glasses for Vision Loss

Augmented Reality Glasses for Vision Loss

Overview

Raised to Date: Raised: $679,038

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/05/2021

Close Date

10/13/2021

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.80

Early Bird Valuation

$9,600,000

Pre-Money Valuation

$12,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,417

# of Investors

652

Momentum
Funded
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Year Founded

2016

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Location

Laguna Hills, California

Business Type

Growth

Eyedaptic, with a pre-money valuation of $12 million, is raising crowdfunding on StartEngine. The company is using augmented reality technology to design and manufacture glasses that can improve vision for those suffering from age-related macular degeneration. The EYE2 glasses of Eyedaptic are the only augmented reality glasses in the market that offer 40 degrees field of view to patients. Jay Cormier, Dave Watola, Dr. Mitul Mehta, and Dr. Brian Kim founded Eyedaptic in 2016. The proceeds of the current crowdfunding raise, with a minimum goal of $10,000 and a maximum goal of $1,070,000, will be used for growth, expansion, and the launch of EYE3 and EYE4. Eyedaptic aims to revitalize the lives of many AMD patients and has received several awards from various ophthalmology and technology organizations.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$5,580

$0

COGS

$4,522

$0

Tax

$0

$0

 

 

Net Income

$-653,856

$-795,652

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$184,512

$450,608

Accounts Receivable

$0

$0

Total Assets

$212,068

$450,608

Short-Term Debt

$718,457

$23,510

Long-Term Debt

$135,000

$625,000

Total Liabilities

$853,457

$648,510

Financials as of: 01/05/2021
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Eyedaptic on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,000,000
Price per Share: $0.80

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