Innovega (2021)
About this raise
Innovega, with a pre-money valuation of $54.2 million, is testing the waters on SeedInvest through Reg A+ crowdfunding. The company makes and sells smart contact lenses and glasses that deliver high-quality AR/VR experiences. The experience is provided through eMascula, the wearable display system of Innovega. Stephen Willey and Jerome Legerton founded Innovega in 2008 and raised over $11 million in previous rounds of financing. The proceeds of the current crowdfunding raise, with a minimum target of $750,000 and a maximum target of $15,000,000, will be used towards corporate payroll, clinical expenses, engineering expenses, administration expenses, and facilities and equipment. Innovega has 14 issued US patents and 13 pending patents. The product of Innovega has completed pre-clinical testing, and clinical trials are underway.
Investment Overview
Invested : $1,009,902
Deal Terms
Total Commitments
- Platform
- SeedInvest
- Start Date
- 03/10/2021
- Close Date
- 04/21/2021
$999
Equity - Preferred
Growth Stage
Test the Waters
$3.00
$54,269,000
Company & Team
Company
- Year Founded
- 2008
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Location
- Bellevue, Washington
- Company Website
-
Visit Website
Team
Financials
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/30/2022 | StartEngine | $54,300,000 | $580,719 | Equity - Preferred | Funded | RegA+ |
| 12/23/2021 | SeedInvest | $54,269,000 | $5,551,837 | Equity - Preferred | Funded | RegA+ |
| 04/21/2021 | SeedInvest | $54,269,000 | $1,009,902 | Equity - Preferred | Funded | Test the Waters |
| 03/26/2019 | SeedInvest | - | $600,000 | Debt | Funded | RegD 506(c) |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.