Humanity
Early Stage
The app that helps you live healthier for longer
Overview
Raised: $569,603
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/25/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$30,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,557
# of Investors
497
Momentum
Funded
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Year Founded
2017
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Humanity, with a valuation of $30 million, is raising funds on Wefunder. The company has developed a health navigation app that helps people live healthier for longer. Humanity uses AI to monitor the signs of aging and guide users to slow it down. The app has proven behavior change with a 15% median increase in movement after signup and has ten times conversion to premium subscription compared to the industry average. Peter Ward and Michael Geer founded Humanity in February 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing tests, staffing R&D, and hiring.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$268,107 |
$27,314 |
|
COGS |
$124,146 |
$92,178 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,125,947 |
$-2,843,027 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$709,151 |
$1,862,609 |
|
Accounts Receivable |
$18,457 |
$52,531 |
|
Total Assets |
$1,066,406 |
$1,929,436 |
|
Short-Term Debt |
$884,058 |
$470,592 |
|
Long-Term Debt |
$3,338,333 |
$2,520,000 |
|
Total Liabilities |
$4,222,391 |
$2,990,592 |
Financials as of: 12/25/2023
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