Simple Labs
Early Stage
Maker of Cogni, a patented hardware & SaaS platform that monitors barrel health for winemakers
Overview
$238,018 - RegCF
$1,163,018 - Total
$1,163,018 - Total
Total Commitments ($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
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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