MentalHappy
Creating a better world of mental health
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/06/2023
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$340,711
Min. Investment
$250
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
38
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Year Founded
2016
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
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
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-311,781 |
$-170,855 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$344,678 |
$80,188 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$347,574 |
$80,188 |
|
Short-Term Debt |
$46,812 |
$88,719 |
|
Long-Term Debt |
$855,056 |
$310,056 |
|
Total Liabilities |
$901,868 |
$398,775 |
Financials as of: 02/06/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| MentalHappy | 04/30/2023 | Wefunder | $10,000,000 | $0 | SAFE | Active | RegCF |
| MentalHappy | 08/22/2022 | StartEngine | $7,013,241 | $10,719 | Equity - Common | Funded | RegCF |
| MentalHappy | 04/30/2021 | StartEngine | $6,000,000 | $198,932 | Equity - Common | Funded | RegCF |
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