Mechanism Wellness
Early Stage
Feeling good shouldn't be difficult
Overview
Raised: $82,150
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/03/2021
Close Date
04/28/2022
Min. Goal
$10,000
Max. Goal
$1,069,998
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.67
Pre-Money Valuation
$15,075,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$399
# of Investors
21
Momentum
Funded
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Year Founded
2018
Industry
Fitness & Wellness
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Mechanism Wellness, with a valuation of $15.1 million, is raising funds on StartEngine. The company offers a holistic digital wellness plan that helps people identify and address the underlying mechanism behind their visible symptoms. The personalized program of Mechanism Wellness is rooted in functional medicine and can be leveraged from anywhere, anytime. Mechanism Wellness has signed a partnership agreement with American Benefit Consulting who support over 120 Fortune 500 companies. Shakti Jauhar, Mona Jauhar, and Dr. Chris Turnpaugh founded Mechanism Wellness in October 2018. The current crowdfunding campaign has a minimum target of $9,999.75 and a maximum target of $1,069,998.04. The campaign proceeds will be used to engage with more corporations, grow the practitioner affiliation program, and increase B2C engagement.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-214,978 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$266,013 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$366,013 |
$0 |
|
Short-Term Debt |
$27,325 |
$0 |
|
Long-Term Debt |
$553,441 |
$0 |
|
Total Liabilities |
$580,766 |
$0 |
Financials as of: 10/03/2021
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