Mindwell Labs

Mindwell Labs

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $120,900

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
06/21/2022
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    Open SEC Filing

Early Bird Val. Cap

$18,000,000

Valuation Cap

$20,000,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
New York, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
Yes
Founder Name
Sab Kanaujia
Title
CEO
Founder Name
Shaun Nanavati
Title
Chief Science Officer

Financials

 Revenue
$0
 Monthly Burn
$24,334
 Runway
0.8 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$560,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/10/2022 Wefunder $20,000,000 $120,900 SAFE Funded RegCF
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Add to portfolio
Mindwell Labs on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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