MotivateU
Early Stage
AI to benefit humans, not to replace them
Overview
Raised: $88,889
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/27/2021
Close Date
04/30/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$8,000,000
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$415
# of Investors
186
Momentum
Funded
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Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
MotivateU, with a valuation of $10 million, is raising funds on Wefunder. The company has developed an AI-powered platform that reinvigorates community fitness with human interaction. The platform uses data-driven metrics and engagement to boost client retention and gives real-time feedback for better client satisfaction. MotivateU is driven by patent-pending technology and is to be featured on Advancements hosted by Ted Danson. Jennifer Strout founded MotivateU in August 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for marketing, insurance, accounting, developers’ compensation, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-24,783 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,217 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$5,217 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/27/2021
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