Innovega
[Closed for Investment] Innovega, with a valuation of $54.3 million, is raising funds on StartEngine 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. Innovega has 14 issued US patents and 13 pending patents, and the product will be used across all Metaverse markets. Stephen Willey and Jerome Legerton founded Innovega in 2008. The current crowdfunding campaign has a minimum target of $750,000 and a maximum target of $15,000,000. The campaign proceeds will be used for clinical projects, engineering projects, facilities and equipment, and working capital.
Investment Overview
Raised: $580,719
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 12/24/2021
- Close Date
- Not Provided
$10,000
$15,000,000
$498
Equity - Preferred
Series A
RegA+
$3.00
$54,300,000
Company & Team
Company
- Year Founded
- 2008
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
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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.