Innovega
Smart contact lenses and glasses that deliver high-performance AR/VR experiences
Overview
Raised: $1,009,902
Total Commitments ($USD)
Platform
SeedInvest
Start Date
03/10/2021
Close Date
Testing the Waters
Min. Goal
Funded
Max. Goal
Funded
Min. Investment
$999
Security Type
Equity - Preferred
SEC Filing Type
Test the Waters
Price Per Share
$3.00
Pre-Money Valuation
$54,269,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$24,045
Momentum
Funded
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Year Founded
2008
Industry
Media, Entertainment & Publishing
Tech Sector
Hardwaretech
Location
Bellevue, Washington
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.
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Innovega | 09/30/2022 | StartEngine | $54,300,000 | $580,719 | Equity - Preferred | Funded | RegA+ |
| Innovega | 12/23/2021 | SeedInvest | $54,269,000 | $5,551,837 | Equity - Preferred | Funded | RegA+ |
| Innovega | 04/21/2021 | SeedInvest | $54,269,000 | $1,009,902 | Equity - Preferred | Funded | Test the Waters |
| Innovega | 03/26/2019 | SeedInvest | - | $600,000 | Debt | Funded | RegD 506(c) |
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