LullaFeed

LullaFeed

Closed: Jul. 2024

About this raise

LullaFeed, with a valuation of $4 million, is raising funds on Wefunder. The company has developed an infant feeding product that uses research-based music reinforcement to support positive bottle-feeding behaviors. LullaFeed has a mobile app and a baby bottle attachment that fits onto various sizes of bottles with its flexible sleeve and plays the parent’s pre-recorded voice to the infant as a reward and encouragement for feeding. The product is being tested by parents in an alpha trial, and many parents are on the pre-launch waitlist. Michael Detmer founded LullaFeed in June 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for social media advertising, mobile app integration, industrial design, and go-to-market efforts.

Expand

Investment Overview

Invested this round: $298,471

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
03/14/2024
Close Date
07/26/2024
Min. Goal
$50,000
Max Goal
$500,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

0%

Company & Team

Company

Year Founded
2017
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Louisville, Kentucky
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Michael Detmer
Title
CEO
Founder Name
Rebekah Gossom
Title
Co-Founder

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$40,287
 Runway
1.1 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-483,445

$-101,457

Summary Balance Sheet

FY 2023 FY 2022

Cash

$35,049

$443,485

Accounts Receivable

$0

$0

Total Assets

$35,049

$443,485

Short-Term Debt

$499,890

$0

Long-Term Debt

$125,000

$574,882

Total Liabilities

$624,890

$574,882

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
$555,000
Grants
$150,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/26/2024 Wefunder $4,000,000 $298,471 SAFE Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
LullaFeed on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $4,000,000

Follow company

Follow LullaFeed on Wefunder 2024

Buy LullaFeed's Deal Report

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

LullaFeed Deal Report

Get Kingscrowd's comprehensive report on LullaFeed including:

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

Buy the LullaFeed deal report for only $10!

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