Mindwell Labs

Early Stage

Track and manage your anxiety in real-time

Analytics

Raised to Date: Raised: $69,800

Aggregate Commitments $

Platform

Wefunder

Start Date

06/21/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$400,000

Min. Investment

$200

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Price Per Share

$0.00

Valuation Cap

$20,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

06/27/2022

Days Remaining

307

% of Min. Goal

140%

% of Max. Goal

17%

Likelihood of Max
extremely
Avg. Daily Raise

$11,633

Momentum
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Location

New York, New York

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Mindwell Labs, with a valuation of $20 million, is raising funds on Wefunder. The company has developed an app that tracks and manages anxiety in real-time. The app is re-imagining anxiety management through real-time monitoring, dynamic hyper-personalization, and self-empowerment tools and insights. Mindwell Labs has already assessed more than 250,000 hours of members’ mental health and analyzed over 3.5 million health data points. Sab Kanaujia and Dr. Shaun Nanavati founded Mindwell Labs in August 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $400,000. The campaign proceeds will be used for marketing, product and engineering, and legal and accounting expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,810

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-292,012

$-171,852

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$18,567

$113,957

Accounts Receivable

$0

$0

Total Assets

$252,466

$224,044

Short-Term Debt

$8,421

$793

Long-Term Debt

$796,924

$484,118

Total Liabilities

$805,345

$484,911

Financials as of: 06/21/2022
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Mindwell Labs on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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