MindWise

MindWise

Closed: Sep. 2022

About this raise

MindWise, with a valuation of $10 million, is raising funds on MicroVentures. The company is developing a threat detection software solution that will monitor the deep web for sensitive and personal information. The platform is in the MVP stage and currently supports a credit card detection scanning system that alerts institutions of sensitive information up for sale on the deep web. MindWise has already scanned over 4 million credit cards and entered into a profit-sharing agreement with LoanClose. Tobin Shea and Nico Kokonas founded MindWise in July 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $450,000. The campaign proceeds will be used for salary payments, tech stack, marketing and sales, and legal and administrative expenses.

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Investment Overview

Invested this round: $44,704

Deal Terms

Total Commitments

Platform
Microventures
Start Date
03/02/2022
Close Date
09/26/2022
Min. Goal
$25,000
Max Goal
$450,000
Min. Investment

$100

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,000,000

Valuation Cap

$10,000,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Walnut Creek, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Tobin Shea
Title
CEO
Founder Name
Nico Kokonas
Title
CTO

Financials

 Revenue
$0
 Monthly Burn
$2,096
 Runway
0.6 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-25,155

$-23,615

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,230

$1,385

Accounts Receivable

$0

$0

Total Assets

$1,230

$1,385

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/26/2022 Microventures $10,000,000 $44,704 Convertible Note Funded RegCF
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Add to portfolio
MindWise on MicroVentures 2022
Platform: Microventures
Security Type: Convertible Note
Valuation: $10,000,000

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Warning: according to the close date for this deal, MindWise may no longer be accepting investments.

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