Simple Labs

Early Stage

Maker of Cogni, a patented hardware & SaaS platform that monitors barrel health for winemakers

Overview

Raised to Date:
$238,018 - RegCF
$1,163,018 - Total

Total Commitments ($USD)

Platform

SeedInvest

Start Date

12/05/2022

Close Date

01/30/2023

Min. Goal

$25,000

Max. Goal

$1,235,000

Min. Investment

$1,000

Security Type

SAFE

Series

Seed

Funding Type

RegCF / RegD 506(c)

Valuation Cap

$7,000,000

Discount Rate

15%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/01/2023

Days Remaining
Funded
% of Min. Goal

952%

% of Max. Goal

19%

Likelihood of Max
Funded
Avg. Daily Raise

$4,250

Momentum
Funded
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Location

Coto De Caza, California

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Simple Labs, with a valuation of $7 million, is raising funds on SeedInvest. The company has developed a patented hardware and SaaS platform to help in wine barrel monitoring. The platform, Cogni, monitors overall barrel health by continuously monitoring temperature, humidity, free and molecular SO2, pH, acetic acid, ethanol, phenol, fill level, and internal barrel pressure. Simple Labs has won several awards for its innovation and has signed a manufacturing and engineering agreement with KWJ Engineering. Mike Slone founded Simple Labs in July 2020. The current crowdfunding campaign has a minimum RegCF target of $25,000, a minimum raise target of $325,000, and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, device early-stage testing, device marketing, operational costs, and pre-sales team efforts.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-178,513

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$185,750

$0

Accounts Receivable

$0

$0

Total Assets

$187,750

$0

Short-Term Debt

$4,262

$0

Long-Term Debt

$360,000

$0

Total Liabilities

$364,262

$0

Financials as of: 12/05/2022
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Simple Labs on SeedInvest 2022
$
Platform: SeedInvest
Security Type: SAFE
Valuation: $7,000,000

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