Neurohacker Collective


About this raise: Neurohacker Collective, with a $65 million valuation cap, is raising funds on WeFunder. It is a wellness company with a mission to upgrade the personal well-being of individuals in a meaningful and sustainable manner. Neurohacker Collective started with supplements for the mind, known as nootropics, and is using a deeper understanding of human biology to make scientific advances. The company was founded by James Schmachtenberger, Daniel Schmachtenberger, and Jordan Greenhall in 2015 and has raised over $5 million since its inception. The current crowdfunding round has a minimum raise of $100,000 and a maximum raise of $700,000, and the funds will be used for the manufacturing of inventory for the launch of Qualia Sleep, a new sleep optimization product, clinical study of Eternus, a longevity product, and for additional expansion. Neurohacker Collective has strong growth potential and has reported over $20 million in lifetime sales.

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Investment Overview

Invested this round: $497,835

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
01/28/2020
Close Date
03/13/2020
Min. Goal
$100,000
Max. Goal
$800,000
Min. Investment

$500

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$65,000,000

Discount

20%

Company & Team

Company

Year Founded
2015
Industry
Fitness & Wellness
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Carlsbad, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
20
Founder Name
James Schmachtenberger
Title
CEO
Founder Name
Daniel Schmachtenberger
Title
Director of R&D
Founder Name
R. Jordan Greenhall
Title
Executive Chair

Financials

 Revenue
$6,624,934
 Monthly Burn
$75,739
 Runway
3.8 months
Gross Margin
66%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$6,624,934

$4,925,699

COGS

$2,244,234

$2,044,315

Tax

$18,981

$0

 

 

Net Income

$-908,863

$-2,129,494

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$287,036

$193,043

Accounts Receivable

$89,549

$57,084

Total Assets

$1,320,844

$740,455

Short-Term Debt

$1,205,864

$624,140

Long-Term Debt

$725,000

$500,000

Total Liabilities

$1,930,864

$1,124,140

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/13/2020 Wefunder $65,000,000 $497,835 SAFE Funded RegCF
05/31/2019 Wefunder $40,000,000 $363,652 SAFE Funded RegCF
08/24/2018 Wefunder $40,000,000 $1,069,454 SAFE Funded RegCF
11/21/2017 Wefunder $20,000,000 $808,454 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Neurohacker Collective on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $65,000,000

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