Overview

Raised to Date: Raised: $320,709

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/23/2023

Close Date

01/27/2024

Min. Goal

$50,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    

Early Bird Val. Cap

$35,000,000

Valuation Cap

$38,000,000

Discount

20%

Venture Capital Investors:

Boost VC

Hatcher +

Joyance Partners

and Myelin VC

Quake Capital

Myelin VC

Rolling Commitments ($USD)

Status

Funded

Reporting Date

01/30/2024

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$1,715

# of Investors

175

Momentum

Funded

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Neurosity

Year Founded

2018

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

BROOKLYN, New York

Business Type

Growth

Company Website

Neurosity, with a valuation of $38 million, is raising funds on Wefunder. The company has developed a non-invasive science-backed device for mental health. The Neurosity Crown is an EEG device that uses signal processing to present brain waves as a mental state and helps to predict which stimulus induces an optimal mental state. The Crown is connected with Neurosity’s Shift app, which receives the data and provides feedback to the brain via headphones. Aj Keller and Alex Castillo founded Neurosity in April 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for payroll and research and development.

Summary Profit and Loss Statement

	FY 2022	FY 2021
Revenue	$714,683	$309,169
COGS	$1,347,025	$348,698
Tax	$0	$0
Net Income	$-2,255,067	$-810,914

Summary Balance Sheet

	FY 2022	FY 2021
Cash	$1,276,166	$182,004
Accounts Receivable	$2,034	$0
Total Assets	$1,624,108	$711,090
Short-Term Debt	$256,885	$242,600
Long-Term Debt	$0	$1,723,988
Total Liabilities	$256,885	$1,966,588

Financials as of: 07/23/2023

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The Rhythm of the Mind: AJ Keller on Neurosity’s EEG Wearable and the Power of Music

Neurosity is a health tech company that has developed a wearable EEG device called The Crown. The Crown establishes a feedback loop between the brain and a cell phone to play music that manipulates brain waves to reach a desired mental state. We sat down with Neurosity founder, AJ Keller, to discuss why he chose music to guide the brain into a state of productivity or mindfulness, his plans for future product development, and more.

Read Founder Interview