Onward

Onward

[Closed for Investment] Who Should Be Interested:
If you’re concerned about your smartphone usage, concerned that you’re becoming addicted to it, or are concerned about someone close to you who might be, then Onward is the investment for you. Their app helps users to use their smartphone less and overcome their digital addictions. Onward is here to shape the future of smartphone use -- for the better.

The Company:
Onward is an app unlike any other app -- it wants you to use it less. As they state on their company’s MicroVenture page, “Onward combines data science and artificial intelligence (AI) to help smartphone users overcome their addictions and curb screen usage. Its specialized programs aim to change unhealthy behaviors related to screen time, social media, shopping, gambling, video games, dating apps, and porn. Through “O,” a chatbot that non-judgmentally interacts with each user through a familiar text/chat interface, Onward encourages users to complete daily check ins, gain new coping skills, block potentially triggering apps or sites, and gain help or interventions using cognitive behavior therapy, as needed. The company is backed with $3.2 million in financing from investors including Founders Fund, Compound Ventures, and Gaingels. As of October 2017, Onward had nearly 10,000 monthly active users.” Onward utilizes a freemium model and is available in both a basic (free) version, as well as a Pro (subscription) version.

The Bottom Line:
In our day and age, we all need to find better tech-life balance. After all, the average US adult spends over 10 hours per day on screen time. It’s time for us all to put the screen down and look up more...and Onward can truly help us find a new digital path in that way.

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Investment Overview

Raised this Round: Raised: $101,039

Deal Terms

Total Commitments ($USD)

Platform
Microventures
Start Date
12/20/2017
Close Date
03/05/2018
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2015
Industry
Consumer Products, Goods & Services
Tech Sector
Location
Los Angeles, California
Company Website
Visit Website

Team

Employees
10

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/05/2018 Microventures - $101,039 SAFE Funded RegCF
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Onward on Microventures
Platform: Microventures
Security Type: SAFE

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