Restflix
Early Stage
A science backed streaming service revolutionizing the $64B sleep aid market
Overview
Raised: $84,937
Total Commitments ($USD)
Platform
Republic
Start Date
05/27/2021
Close Date
01/05/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
10%
Year Founded
2019
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Restflix, with a valuation cap of $5 million, is raising crowdfunding on Republic. The company has developed a scientific-backed streaming service that helps people get rest and sleep through proven sound therapy. The sound consists of binaural beats that harness the brain’s response and trigger a slowdown in brain activity. Kevin Hillman founded Restflix in July 2019. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the funds will be used for expansion and continued growth. Restflix works on a scalable subscription-based business model with average subscription profit margins of 30-40%. The app has been featured on CNN, Good Morning America, and Entrepreneur and was named Best Sleep App to Drift Off to by Livestrong.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$96,420 |
$12,495 |
|
COGS |
$15,210 |
$3,050 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-52,281 |
$224 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,207 |
$111 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$101,524 |
$66,361 |
|
Short-Term Debt |
$88,581 |
$1,137 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$88,581 |
$1,137 |
Financials as of: 05/27/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Restflix | 01/05/2022 | Republic | $5,000,000 | $84,937 | SAFE | Not Funded | RegCF |
No prior online funding rounds.
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