MentalHappy

MentalHappy

Early Stage

Creating a better world of mental health

Creating a better world of mental health

Overview

Raised this Round: Raised: $50,500

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/05/2023

Close Date

07/31/2023

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Year Founded

2016

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

Low

Location

San Francisco, California

Business Type

Growth

MentalHappy, with a valuation of $10 million, is raising funds on Wefunder. It is an online community working towards creating a better world of mental health. MentalHappy helps people with practical tools and support to build mental health and assists them in their journey toward healing. The product is already in use by licensed doctors and health professionals across the US, and has signed a partnership with a leading cancer patient recovery program. Tamar Lucien Blue founded MentalHappy in 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $340,711. The campaign proceeds will be used for securing partnerships, further developing the technology for improved UI/UX, and expanding user acquisition through social media platforms and email marketing.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$684

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-282,646

$-311,781

Summary Balance Sheet

FY 2022 FY 2021

Cash

$95,039

$344,678

Accounts Receivable

$0

$0

Total Assets

$96,822

$347,574

Short-Term Debt

$7,600

$46,812

Long-Term Debt

$255,767

$855,056

Total Liabilities

$263,366

$901,868

Financials as of: 02/05/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
MentalHappy 07/30/2023 Wefunder $10,000,000 $50,500 SAFE Funded RegCF
MentalHappy 08/21/2022 StartEngine $7,013,241 $10,719 Equity - Common Funded RegCF
MentalHappy 04/29/2021 StartEngine $6,000,000 $198,932 Equity - Common Funded RegCF
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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

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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MentalHappy on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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