Simple Labs

Simple Labs

Early Stage

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

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

Overview

Raised to Date:
$239,813 - RegCF
$1,164,813 - Total

Total Commitments ($USD)

Platform

SeedInvest

Start Date

12/04/2022

Close Date

01/29/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$1,000

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$7,000,000

Discount

15%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/04/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$4,282

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2020

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Coto De Caza, California

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

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-178,513

$0

Summary Balance Sheet

FY 2021 FY 2020

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: 12/04/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Simple Labs on SeedInvest 2022
Platform: SeedInvest
Security Type: SAFE
Valuation: $7,000,000

Follow company

Follow Simple Labs on SeedInvest 2022

Buy Simple Labs's Deal Report

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

Simple Labs Deal Report

Get KingsCrowd’s comprehensive report on Simple Labs including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Simple Labs is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Simple Labs deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge