MyLifeWell

Growth Stage

Holistic health and wellness platform recognized as a “Top Emerging Employee Wellness Company

Analytics

Raised to Date: Raised: $27,400

Aggregate Commitments $

Platform

Microventures

Start Date

09/21/2022

Close Date

02/27/2023

Min. Goal

$25,000

Max. Goal

$700,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$7,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

10/05/2022

Days Remaining

145

% of Min. Goal

110%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,957

# of Investors

8

Momentum
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Location

Battle Creek, Michigan

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

MyLifeWell, with a valuation of $7 million, is raising funds on MicroVentures. It is an all-in-one wellness programming and rewards platform that offers solutions for employees’ and clients’ wellness. The wellness program of MyLifeWell is based on living well, traveling well, and shopping well and ensures physical, mental, social, and emotional wellbeing of employees. MyLifeWell has conducted 60 product demos in 2022 compared to 13 in 2021. Gaurav Goomer founded MyLifeWell in August 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $700,000. The campaign proceeds will be used for research and development, future wages, marketing, and general working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$16,164

$2,457

COGS

$1,176

$0

Tax

$0

$0

 

 

Net Income

$-451,715

$-372,109

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$53,357

$119,062

Accounts Receivable

$23,551

$916

Total Assets

$458,587

$383,806

Short-Term Debt

$35,762

$59,266

Long-Term Debt

$0

$0

Total Liabilities

$35,762

$59,266

Financials as of: 09/21/2022
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MyLifeWell on MicroVentures 2022
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Platform: Microventures
Security Type: Convertible Note
Valuation: $7,000,000

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