Testing the Waters
Growth Stage

Smart contact lenses and glasses that deliver high-performance AR/VR experiences


Raised to Date: Raised: $1,009,902

Total Commitments ($USD)



Start Date


Close Date

Testing the Waters

Min. Goal
Max. Goal
Min. Investment


Security Type

Equity - Preferred

SEC Filing Type

Test the Waters    Open SEC Filing

Price Per Share


Pre-Money Valuation


Rolling Commitments ($USD)

Reporting Date


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


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Year Founded



Media, Entertainment & Publishing

Tech Sector



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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Innovega on SeedInvest
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $54,269,000
Price per Share: $3.00

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