Mindcurrent
About this raise
Mindcurrent, with a valuation cap of $4 million, is raising funds on WeFunder. The company uses artificial intelligence technology to predict and reduce stress across organizations. The algorithm of Mindcurrent studies each user’s unique patterns, recognizes them, predicts stress, and gives recommendations to manage stress from leading experts. Mindcurrent was founded by Sourabh Kothari, Drew Brazier, and Daniel Cunningham in 2019. The proceeds of the current round of crowdfunding, with a minimum raise of $50,000 and a maximum raise of $107,000, will be used towards product development, marketing, hosting, licensing, and operating costs. Mindcurrent already has over 25,000 beta users in 40 countries and has been rated 5 stars. It is being used by law enforcement agencies, universities, nonprofits serving veterans, and finance companies.
Investment Overview
Invested : $229,357
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 02/20/2020
- Close Date
- 09/10/2020
$50,000
$500,000
$250
SAFE
Early Stage
RegCF
$4,000,000
30%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/10/2020 | Wefunder | $4,000,000 | $229,357 | SAFE | Funded | RegCF |