LullaFeed
Early Stage
For when your baby needs you the most
Overview
Raised: $138,840
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/07/2024
Days Remaining
65
% of Min. Goal
278%
% of Max. Goal
28%
Likelihood of Max
Avg. Daily Raise
$2,524
Momentum
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Year Founded
2017
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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.
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 |
Financials as of: 03/13/2024
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