OpenSeed

OpenSeed

Early Stage

Tech-powered meditation pods for the workplace and other commercial spaces

Tech-powered meditation pods for the workplace and other commercial spaces

Overview

Raised to Date: Raised: $54,261

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/08/2022

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$1,069,980
Min. Investment

$250

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$60.00

Early Bird Valuation

$5,000,000

Pre-Money Valuation

$6,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

12/02/2023

Days Remaining

149

% of Min. Goal

109%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$106

# of Investors

60

Momentum
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Year Founded

2018

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Miami, Florida

Business Type

Growth

Company Website

OpenSeed, with a valuation of $6 million, is raising funds on Wefunder. The company has developed meditation pods for workplaces and other commercial spaces. The meditation pods of OpenSeed are designed to induce calm and bring elevated states of mental wellbeing. OpenSeed has completed a 10-month pilot at Cambridge Innovation Center in Miami and a research study in Japan. The business has POs from two Fortune 500 companies and generated $200,000 in sales via licensing. Jonathan Marcoschamer founded OpenSeed in July 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,069,980. The campaign proceeds will be used for inventory, fulfillment of existing orders, marketing, wages, admin, and overhead expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-91,631

$-14,486

Summary Balance Sheet

FY 2022 FY 2021

Cash

$3,047

$48,563

Accounts Receivable

$0

$0

Total Assets

$4,562

$50,456

Short-Term Debt

$178,677

$127,716

Long-Term Debt

$36,774

$44,500

Total Liabilities

$215,451

$172,216
Financials as of: 07/08/2022
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OpenSeed on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $6,000,000
Price per Share: $60.00

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