MyLifeWell
Growth Stage
Holistic health and wellness platform recognized as a “Top Emerging Employee Wellness Company
Overview
Raised: $29,951
Total Commitments ($USD)
Platform
Microventures
Start Date
09/20/2022
Close Date
02/27/2023
Min. Goal
$25,000
Max. Goal
$700,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$7,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/04/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$188
# of Investors
23
Momentum
Funded
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Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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: 09/20/2022
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