MentalHappy (2023)

About this raise

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.

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Investment Overview

Invested this round: $50,500

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
02/06/2023
Close Date
07/31/2023
Min. Goal
$50,000
Max Goal
$124,000
Min. Investment

$250

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Company & Team

Company

Year Founded
2016
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
Location
San Francisco, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Tamar Blue
Title
CEO

Financials

 Revenue
$0
as of FY2022
 Monthly Burn
$23,554
as of FY2022
 Runway
4 months
as of FY2022

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,016,500
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/31/2023 Wefunder $10,000,000 $50,500 SAFE Funded RegCF
08/22/2022 StartEngine $7,013,241 $10,719 Equity - Common Funded RegCF
04/30/2021 StartEngine $6,000,000 $198,932 Equity - Common Funded RegCF
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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

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

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Follow MentalHappy on Wefunder 2023

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

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