Loosid

Loosid

Early Stage

The Sober Social Network.

The Sober Social Network.

Overview

Raised to Date: Raised: $1,237,115

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/22/2023

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$18,000,000

Valuation Cap

$24,000,000

Discount

20%

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

$2,870

# of Investors

145

Momentum
Funded
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Year Founded

2018

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Sunny Isles, Florida

Business Type

Growth

Loosid, with a valuation of $24 million, is raising funds on Wefunder. The company has developed a sobriety app that serves as a social network for people recovering from alcohol abuse disorders. The app enables users to celebrate their sobriety with other members and seek support and virtual help from community members. The offerings of Loosid include treatment guides, boozeless guides, recovery voices, daily sober tips, community, sober dating, and a sobriety tracker. Mj Gottlieb and Zhanna Basina founded Loosid in March 2018. 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 user acquisition, app development, management, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$145

COGS

$353,184

$115,861

Tax

$0

$0

 

 

Net Income

$-641,357

$-875,616

Summary Balance Sheet

FY 2022 FY 2021

Cash

$53

$53

Accounts Receivable

$0

$0

Total Assets

$53

$53

Short-Term Debt

$0

$0

Long-Term Debt

$2,362,903

$1,721,599

Total Liabilities

$2,362,903

$1,721,599

Financials as of: 02/22/2023
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Loosid on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $24,000,000

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