OpenSeed

OpenSeed

Closed: Apr. 2024

About this raise

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.

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Investment Overview

Not Funded: $0

Deal Terms

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

Company & Team

Company

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
Visit Website

Team

Employees
1
Prior Founder Exits?
Yes
Founder Name
Jonathan Marcoschamer
Title
CEO

Funding data not publicly available

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$7,636
 Runway
0.4 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2024 Wefunder $6,000,000 $0 Equity - Preferred Not Funded RegCF
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Add to portfolio
OpenSeed on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $6,000,000
Price per Share: $60.00

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Follow OpenSeed on Wefunder 2022

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Warning: according to the close date for this deal, OpenSeed may no longer be accepting investments.

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