Help Texts
Early Stage
Expert, evidence-based, grief and mental health support. Via text.
Overview
Raised: $185,250
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/07/2023
Close Date
04/29/2024
Min. Goal
$100,002
Max. Goal
$1,000,003
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$3.50
Pre-Money Valuation
$8,498,910
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/28/2023
Days Remaining
214
% of Min. Goal
185%
% of Max. Goal
19%
Likelihood of Max
Avg. Daily Raise
$1,639
# of Investors
50
Momentum
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Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Help Texts, with a valuation of $8.5 million, is raising funds on Wefunder. The company has developed a platform to provide evidence-based grief and mental health support via text. The platform is scalable and affordable and aims to meet the demand for high-quality experts to provide mental health and caregiver support. Help Texts offers three products, including Help Texts for Grief, Help Texts for Caregivers, and Help Texts for Healthcare Workers, and has a high retention rate of 86%. Emma Payne founded Help Texts in January 2018. The current crowdfunding campaign has a minimum target of $100,002 and a maximum target of $1 million. The campaign proceeds will be used for sales and marketing, launching new product lines for pregnancy loss and pet loss, and onboarding new expert contributors.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$364,803 |
$69,063 |
|
COGS |
$71,350 |
$25,694 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-90,902 |
$-77,724 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$450,825 |
$255,078 |
|
Accounts Receivable |
$9,710 |
$0 |
|
Total Assets |
$565,717 |
$258,361 |
|
Short-Term Debt |
$22,028 |
$98,810 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$22,028 |
$98,810 |
Financials as of: 06/07/2023
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