Simple Labs
Early Stage
Maker of Cogni, a patented hardware & SaaS platform that monitors barrel health for winemakers
Overview
$239,813 - RegCF
$1,164,813 - Total
$1,164,813 - Total
Rolling Commitments ($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
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
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
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