Sensate

Sensate

Growth Stage

Patented, Research-Backed Stress-Relief Device Creating a Paradigm Shift in the $5T Wellness Market

Patented, Research-Backed Stress-Relief Device Creating a Paradigm Shift in the $5T Wellness Market

Overview

Raised to Date: Raised: $170,007

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/23/2024

Close Date

08/23/2024

Min. Goal
$50,000
Max. Goal
$618,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series H

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.51

Pre-Money Valuation

$18,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/22/2024

Days Remaining

92

% of Min. Goal

340%

% of Max. Goal

28%

Likelihood of Max
likely
Avg. Daily Raise

$5,862

Momentum
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Year Founded

2021

Industry

Fitness & Wellness

Tech Sector

HealthTech

Location

Camden, Delaware

Sensate, with a valuation of $18 million, is raising funds on Wefunder. The company is revolutionizing wellness technology by using the natural power of sonic resonance to calm the body’s nervous system. Sensate’s device provides immediate relief from stress and relaxation in just ten minutes of use. The business uses infrasonic therapy to help the body recover from daily stresses. Sensate generated $5.32 million in revenues in 2023 and is sold in over 50 countries. Anna Gudmundson and Stefan Chmelik founded Sensate in November 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $618,000. The campaign proceeds will be used for R&D, product and manufacturing improvements, growth and channel expansion, subscription and recurring revenue development, opex investments, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$5,402,741

$5,581,002

COGS

$2,945,898

$3,254,959

Tax

$0

$0

 

 

Net Income

$-3,865,272

$-3,616,853

Summary Balance Sheet

FY 2023 FY 2022

Cash

$232,787

$861,074

Accounts Receivable

$552,478

$627,747

Total Assets

$1,210,387

$1,735,069

Short-Term Debt

$3,301,963

$2,720,693

Long-Term Debt

$268,642

$3,228,134

Total Liabilities

$3,570,605

$5,948,827

Financials as of: 04/23/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Sensate 08/22/2024 Wefunder $18,000,000 $170,007 Equity - Preferred Active RegCF
Sensate 02/08/2023 Wefunder $18,000,132 $2,541,805 Equity - Preferred Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Sensate on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $18,000,000
Price per Share: $0.51

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