OOTify
Early Stage
The Next Evolution of Mental Healthcare
Overview
Raised: $0
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/12/2022
Close Date
07/29/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$225
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$5.00
Pre-Money Valuation
$12,770,665
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/30/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2017
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
OOTify, with a valuation of $12.8 million, is raising funds on StartEngine. The company has developed a digital health solution that unifies relevant mental health resources. The system uses an evidence-based algorithm to connect those in need of mental health resources with relevant resources and simplifies the navigation process. The patent-pending platform of OOTify uses clinical and sub-clinical solutions to address a wide range of mental health challenges. Ravi Sharma and Berke Brown founded OOTify in June 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,173 |
$1,210 |
|
COGS |
$0 |
$0 |
|
Tax |
$5,113 |
$1,865 |
| ||
| ||
|
Net Income |
$-247,992 |
$-276,943 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$141,339 |
$15,935 |
|
Accounts Receivable |
$0 |
$104 |
|
Total Assets |
$141,339 |
$16,038 |
|
Short-Term Debt |
$0 |
$16,002 |
|
Long-Term Debt |
$139,438 |
$125,058 |
|
Total Liabilities |
$139,438 |
$141,060 |
Financials as of: 03/12/2022
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