Mindwell Labs
Early Stage
Track and manage your anxiety in real-time
Overview
Raised: $120,900
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/20/2022
Close Date
10/10/2022
Min. Goal
$50,000
Max. Goal
$400,000
Min. Investment
$200
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$18,000,000
Valuation Cap
$20,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,089
# of Investors
24
Momentum
Funded
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Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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: 06/20/2022
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