MyndVR

MyndVR

Early Stage

Improving lives and fighting isolation for older adults through virtual reality

Improving lives and fighting isolation for older adults through virtual reality

Overview

Raised to Date: Raised: $167,321

Total Commitments ($USD)

Platform

Republic

Start Date

01/03/2021

Close Date

04/23/2021

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$8,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,521

# of Investors

404

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2020

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Flower Mound, Texas

Business Type

Growth

MyndVR, with a valuation cap of $8 million, is raising funds on Republic. The company is helping solve the problem of social isolation among the elderly with its easy-to-use VR platform. The platform finds application in senior living communities, veteran homes, and health care premises to enable seniors to interact with the outside world. Chris Brickler and Shawn Wiora founded MyndVR in August 2016 and have raised $1.85 million in previous rounds of financing. The proceeds of the current crowdfunding round, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used for growth and expansion. MyndVR tripled its customer base in 2020 and is collaborating with Stanford on a large-scale study on VR and aging.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$139,781

$55,625

COGS

$58,271

$17,168

Tax

$0

$0

 

 

Net Income

$-703,321

$-420,993

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$513,335

$73,794

Accounts Receivable

$39,762

$17,025

Total Assets

$555,097

$90,819

Short-Term Debt

$147,662

$56,451

Long-Term Debt

$726,388

$0

Total Liabilities

$874,050

$56,451

Financials as of: 01/03/2021
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your own startup investment portfolio on KingsCrowd.

Track all of your startup investments in one place using our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
MyndVR on Republic
Platform: Republic
Security Type: SAFE
Valuation: $8,000,000

Follow company

Follow MyndVR on Republic

Buy MyndVR's Deal Report

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

MyndVR Deal Report

Get KingsCrowd’s comprehensive report on MyndVR including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether MyndVR is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the MyndVR deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge