Loosid

Loosid

Closed: Apr. 2024

About this raise

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.

Expand

Investment Overview

Invested this round: $1,237,115

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
02/23/2023
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%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
Yes
Founder Name
Michael J Gottlieb
Title
CEO
Founder Name
Zhanna Basina
Title
Co-Founder

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$53,446
 Runway
0 months

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

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$3,226,180
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/01/2025 Wefunder $32,000,000 $1,200,051 SAFE Active RegCF / RegD 506(c)
04/29/2024 Wefunder $24,000,000 $1,237,115 SAFE Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

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

Employee History

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Loosid on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $24,000,000

Follow company

Follow Loosid on Wefunder 2023

Buy Loosid's Deal Report

Warning: according to the close date for this deal, Loosid may no longer be accepting investments.

Loosid Deal Report

Get Kingscrowd's comprehensive report on Loosid including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Loosid is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Loosid deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge